For Sale: Investment: project, Old town, Limassol, Cyprus FC-33004
Details:
City:Limassol, Old town
Type:
Built year: 2022
Plot: 310м2
//LL = do_shortcode('[contact-form-7 id="10064482" title="Subscription form"]') ?>Traditional Residential Building – 12 Apartments
Located : Cyprus – Limassol Old Center (down Town)
Project Information
- The plot is 100% bought and registered on the company name, free on any loan and mortgage
- A planning permit approval is already being issued
- Complete Turn key Project Selling Price 2.500.000 euros
- Complete Turn key Project , market price 2.800.000 euros
- Direct Profit of Asset on deliver date will be 300.000 euros
- Net Yearly Return of Investment before Taxes 10 % (244.500 euros / 2.5mil)
- Net Yearly Return of Investment after taxes 9 % (218.763 euros /2.5 mil)
- Buyer is saving VAT Tax 19% on selling price around 494.000 euros
- Buyer is saving the registration land office fees around 100.000 euros
- Payments Terms will be agreed between the Buyer and seller
Project Characteristics (Totally 12 Apartments)
:
- Ground Floor Parking Space (Ground Area)
- Lobby Area, stairs and elevator (Ground Area)
- 12 Apartments (10 studios and 2 one Br) on 1st, 2nd & 3rd Floor
- Roof Garden with a pool (3m X 8m), barbeque area, sitting & relaxing area, sun beds with umbrellas, shower and w.c on the 4 th Floor
The style of the building will be the one of the old city with doors, windows, woodwork & iron work as well colors to remind how the old city looked at its prime keeping the authentic style of the area. There will be a remote-controlled private car entrance and a separate entrance to the lobby of the building. The face of the building will be a Π shape representing a corner location of the old city.
12-15 month for the project to completed and delivered
Distance
- Anexartisias Shopping Street , 90 meters
- Sea Front , 300 meters
- Old Castle , 750 meters
- Old and New Marina , 800 meters
Send a request and we will text or call you back!
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