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Commercial for sale

Germasogeia, Limassol, Cyprus

£3,423,485 *  [€4,000,000]

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Commercial for sale

Germasogeia, Limassol, Cyprus

£3,423,485 *  [€4,000,000]

Property Details

  • Bedrooms: 0
  • Bathrooms: 0
  • Habitable space: 1323 m2

Features

  • Communal swimming pool
  • Airport: 30 min drive
  • Beach: Walking distance
  • Golf: 15 min Drive
  • Town: Walking distance
  • Investment Opportunity
  • Qualifies for Permanent Residency
  • Family Bathroom
  • Master Bedroom
  • Open Kitchen
  • Balconies
  • First Floor
  • Garden
  • Ground Floor
  • Roof garden
  • Second Floor
  • Third Floor

Full Description

The proposed investment building is located in Limassol’s Yermasoyia tourist area and it has an internal covered area of 1.323 m2 The building is situated among the finest Hotels in the Yermasoyia area such as the Royal Apollonia and Londa Hotels. All amenities such as restaurants and coffee houses are within walking distance.The proximity to the sea also renders this project highly sought after taking into consideration the current market tendencies which point to the fact that more people want to buy a property with short distance to the sea. From the premises it takes only 4 minutes to walk to the nearest sandy beach as it is located 400 metres away from it. The project consists of a four floor building with a huge communal swimming pool and there are already architectural plans for its renovation. For this project there is no additional VAT because it will be a renovation. The renovation work will start at the end of the current season and will finish in 4 to 5 months. The current building will be converted to 12 individual luxury units.The price for the project is € 4.000.000 There is a 5% guarantee return on investment as an agreement was made with a managing company for 3 years which is running the block.

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