Investment project 292 m² in Limassol

950,000 €

3,253 € /m²

Total area 292 m²
Yield —
Lease term —
Constructed 1970

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Key project parameters

Total area: 292 m²
Floors: 2
Constructed: 1970

Project description

Listed historical building and 2 commersial shops sold as one entity situated in the center of Limassol walking distance to the sea, marina and all amenities. The building was built in 1856 and was used as a house and the two shops used to be stables. The property can be renovated and transformed into office spaces, apartments, restaurant or a boutique hotel. The total covered area of the Listed building is 292 m² with a density of 160%, the plot size of the shops is 160 m² with a density of 160%. Being a listed building the property doesnt have any capital gain tax or any VAT. The property is also eligible for a government subsidy.

Tenants

Agreement: n/a

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annual yield: From 15-17%
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full support at every stage: Turnkey deal

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