Investment in Limassol, Cyprus

Cyprus, Limassol

$2,71M

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ID: 2238601

In CRM: 33004

ID of the ad on the website or in the company’s CRM

Last update: 01/06/2024

Location

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Country

Cyprus
Region

Limassol District
City

Limassol

Description

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