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Newly renovated building in Limassol center

1,250,000 €
3,063 € /m²
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  • Total area
    408 m²
Details
Property parameters
  • Land area: 204 m²

Unique investment opportunity with immediate profit effect and high ROI. 2 Title deeds issued. • 2 WiFi high speed connections with Cablenet. • 3 independent EAC (electricity) connections for the shop, 1st floor and 2nd floor. • New plumbing and electricity provisions. • New installation of sound proof and UV protection windows with mosquito nets, high quality tiles, 10 brand new inverter AC units. • New kitchen appliances: kitchen counter tops, sinks, taps, 2 fridges and dishwasher. • New toilet appliances: counter tops sinks, shower and toilets. • New lighting inside and outside. • New remote access panel for the reception management. The total area is 408 m², located on the land of 204 m², offers 2 floors and a shop with 12 offices/rooms in total. The property can be used as an office or clinic. The location is very busy 24/7 all year around. The building offers facilities such as 2 kitchens, 3 bathrooms, server room area, reception area on each floor, shop and 4 verandas. 1st floor: 1) A shop with 2 rooms, kitchen and toilet, with separate entrance, facing the main street (approx. 60 m² covered area) 2) An office/apartment with separate entrance, 4 rooms, reception, kitchen, bathroom, 2 verandas, corridors (approx. 100 m² covered area) 3) Verandas of approx. 30 m² 2nd floor: 1) An office/apartment with separate entrance, 6 rooms, reception, kitchen, bathroom, toilet, 2 verandas, corridors, server area. (approx. 140 m²) 2) Verandas of approx. 20 m² Technical details: Urban Zone: Pa4 Maximum Building Factor: 240% Maximum Coverage Factor: 70% Maximum Number of Floors: 4 Maximum Height (meters): 13.1 meters. The property is owned by a holding company, so the new owner can purchase the shares of the company (and avoid paying transfer fees in the Land Registry) instead of buying the property. Initial Price: 1.450.000 NOW: 1.250.000

Extra opportunities

The Investor obtains residence permit or permanent residency in Cyprus by purchasing a newly-built property for at least €300,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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    Marina Filichkina,
    Head of Sales
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