Penthouse for Sale in Limassol

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€450,000 EUR

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Ref 2222746 | Limassol, Limassol | 3 Bed Penthouse

Currency services provided by Excel Currencies 450,000 EUR  |  Approx.£387,495 GBP  |  Approx. US$481,590 USD
  • Type: Penthouse
  • Location: Limassol
  • Province: Limassol
  • Country: Cyprus
  • Bedrooms: 3
  • Bathrooms: 3
  • Build Size: 242m2

Sunshine Luxury Villas present this Neapolis Penthouse Single-Floor Flat (5th Floor). Prestige location at Limassol seafront with Full title deeds. A Large 3 Bed Penthouse with Verandas all around and Unobstructed Sea Views Centrally located on the Limassol Coastal area. Ideally within 40-50 meters from the Sea, many amenities nearby (Shops, Deberhams Shopping Centre, Alfa Mega Hypermarket, schools, kindergarten, The Oval Business Centre etc and two new Office Buildings to be here by 2021.

BUILDING- Building Built in the early 80's and was renovated 2013 Partially (Glass Verandas installed, structural works etc); Painted en-face and there are talks for an outside painting (the 2 sides and rear) of the remainder of the building which is likely to take place in early 2019 with great potential. Covered Areas: 170 M2's + Verandas 75 M2's, (Total about 244m2's, Min 236-Max 244m2's). Covered Areas 170m2's + Verandas 74m2's.

Property has Deeds and Apartment is DEBT-FREE (No Bank Involved)

Property has both great living (Dwelling) and renting-out (Investment) potential. When building is fully painted, the price of Unit will likely go up by at least 50-100k. If also a moderate renovation takes place 10-20k (depending on the purposes of the future owner...i.e. living there or renting out). With a 5-10K inner renovation, it could rent out for EUR 2-2,500K/month, at current rental prices, if purchased as an investment; if more is spent (50-70k) and converted to a more luxurious dwelling (along with the Impending Repainting of the Building, as intended in beginning of 2019 onwards), then 3,500+/month at least. Once Renovated (both Flat and Building), Flat would be in the EUR 650,000-750,000 selling range, given its Prime location and Area size.

Only serious offers. Interested parties will be treated on a First come-first served basis. Contact us to book a viewing.

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