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8-unit apartment building in columbia, limassol

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Limassol, Germasogeia
Posted: 19.04.2024 13:19 Ad ID: 5218662
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Off Plan - Entire Building comprised of 8-apartments with submitted planning permit in the prestigeous Columbia, Germasogeia Area.

NO VAT or TRANSFER FEES are applicable! "Plot is under an SPV"

Project Location:

Apartment Building located in Limassol's popular Columbia area, presenting a perfect opportunity for investment as a high yielding rental asset (Annual Rental Income €262.800) or as an opportunistic re-sale opportunity upon completion.

The buildings sits in very close proximity to the main high street, with easy access to the main highway.

Building Specification:

✅Apartments: 8

✅4 x Two-Bedroom Apartments

✅2 x One-Bedroom Apartments

✅2 x Two-Bedroom Penthouses (with private roof gardens)

✅Total Indoor area: 522 m²

✅Total Covered veranda: 135 m²

✅Uncovered veranda: 54 m²

✅Common area: 52 m²

✅Total area: 574 m²

✅Parking's: 9

✅Delivery: April 2026

✅Not for primary residence or for re-sale

Location:

✅Popular and affluent residential area

✅Access to Highway - 2 minute drive

✅Gladstonos Street - 10 minute drive

✅Anexartisias Street - 15 minute drive

Discounted Price (on full building acquisition):

Price After Discount: €2.930.000

Rental Yield (Open Market) = 9% (Annual rental income estimate = €262.800)

Rental Yield (Guarantee) = 6.9% (Annual rental income estimate = €202.200)

Estimated Valuation on Building Completion: 4,000,000

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€2.930.000
€5.613/m²
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Posting since oct, 2021

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