- 165 Shows
Residential for sale in Old Town, Limassol
€ 2,500,000
- 310 ㎡
Traditional Residential Building - 12 ApartmentsLocated : Cyprus – Limassol Old Center (down Town)Project InformationThe plot is 100% bought and registered on the company name, free on any loan and mortgageA planning permit approval is already being issuedComplete Turn key Project Selling Price 2.500.000 eurosComplete Turn key Project , market price 2.800.000 eurosDirect Profit of Asset on deliver date will be 300.000 eurosNet 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 eurosBuyer is saving the registration land office fees around 100.000 eurosPayments Terms will be agreed between the Buyer and sellerProject 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 FloorRoof Garden with a pool (3m X 8m), barbeque area, sitting & relaxing area, sun beds with umbrellas, shower and w.c on the 4 th FloorThe 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 deliveredDistanceAnexartisias Shopping Street , 90 metersSea Front , 300 metersOld Castle , 750 metersOld and New Marina , 800 meters.
Property
For sale
Plot area
310 ㎡
Posted
01 Jun 2021
Reference Number
AKINIA-134979 | 33004