Investment for Sale in Limassol

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€2,600,000 EUR

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Ref 2273538 | Limassol, Limassol | Property

Currency services provided by Excel Currencies 2,600,000 EUR  |  Approx.£2,238,860 GBP  |  Approx. US$2,782,520 USD
  • Type: Investment
  • Location: Limassol
  • Province: Limassol
  • Country: Cyprus
  • Bedrooms: 0
  • Bathrooms: 0

Only 200 meters from the sea this great opportunity in Limassol to own 12 apartments all renovated and rented out on yearly bases

Block of 12 flats, 4 two-bedroom, and 8 one-bedroom flats. Situated in the heart of Limassol`s tourist area, very close to the seafront, (200m).
All flats have double glazed windows, laminated flooring and air conditioning in all bedrooms. The building has an elevator and polyurethane roof isolation.
10 covered parking spaces.

All flats are currently being rented on an annual contract basis, with a total approximate annual revenue of €60.000. All contracts provide for an annual rent raise of 5% – 7%.
Facilities nearby: Supermarkets, Cinema, restaurants, Nightlife.

Owned by a single company. This property is the company`s only asset.
Renovated in 2015. Fully furnished

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