£2,504,503 GBP | $3,119,847 USD
Type: Property
Bedrooms: Studio
Floor area: 522 m2
Sale type: Off-Plan
Agent/Owner:
Blue Sky Properties
Limassol Molos Seafront Offices
Location: Cyprus
Speaks: English, French, Italian, Russian
Display Phone No.
Call Limassol Molos Seafront Offices
Advert last updated: 5/2/2024
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Off Plan - Entire Building comprised of 8-apartments with submitted planning permit in the prestigious Columbia, Germasogeia Area.
NO VAT or TRANSFER FEES are applicable! `Plot is under an SPV`
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.
?Popular and affluent residential area
?Access to Highway - 2 minute drive
?Gladstonos Street - 10 minute drive
?Anexartisias Street - 15 minute drive
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
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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