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Koumandarias, 12 Private Aesthetic Center by Punin
Property characteristics
Property parameters
Price per m²
$8,988/m²
Total area
550 m²
Description
Renovated listed commercial building in Limassol's old town (Historical Centre) — about 200 m from Limassol Marina. Income-producing tenanted asset with significant tax advantages: as a renovated listed building, all rental income is tax-free.
The Building
- 550 sqm total covered area
- 693 sqm plot
- Renovated listed building
- Resale condition
- Initially renovated for boutique-hotel use — adaptable for hospitality, F&B, offices or mixed commercial
Income Profile (per seller)
- Current rent: €20,000 / month
- Annual rent: €240,000
- Indicative gross yield: ≈5.71% on €4.2M
- Special tax benefit: as a renovated listed building, ALL rental income is tax-free
Investment Highlights
- Tax-exempt rental income — exceptional listed-building advantage
- Prime old-town location, 200 m from Limassol Marina
- Boutique-hotel-grade renovation already in place
- Suitable for hospitality, F&B, offices or mixed commercial use
- Heritage building character with renovation works completed
Location
- Limassol Old Town / Historical Centre
- About 200 m from Limassol Marina
