BUILDING FOR SALE (ANNUAL RENTALS ABOUT EUR.100,000) (COMMERCIAL AND RESIDENTIAL BUILDING)
for sale in Limassol, Zakaki
Publish: 22 Jun 20, views: 57
Price: €1.799.999 (negotiable)
| Suitable for | Offices |
| Covered area (sqm) | 1264 sqm |
| Year | 2012 |
| Toilets | 3+ |
| Parking | 4+ |
| Price | €1.799.999 (negotiable) |
Information from owner
The building is relatively new since it has been completed in 2012 and is in an excellent condition. It Consits of 690m2 Basement, 7 consecutive Shops 395m2, 6 Studios Apartments @30m2 each. In the building license there is an approval for further two floors. A Potential Investor can apply for on extra Floor, Over and above of the current two additional already approved .
Eight Rental Contracts are in place yielding about €8.000,- per month as rental income.
The Buildings’ total Covered Area reaches 1.264m2, and has 9 designated parking spots on the ground floor. (2 Covered + 7 Un-covered)
An overall excellent Investment opportunity, with potential for increased rental income, in case the new owner wishes to exploit further the building by erecting additional floors.
Investment Type: Immovable Property
Investment Details: Commercial and Residential Building
Current Position: Finished / Already Rented.
Year of Construction: 2012
Covered Area: 1264m2, i.e. [690+394+180]
Location: Miltonos Street Limassol, CYPRUS
Asking Price: €1.750.000 (ONO) (One Million & Eight Hundred and Fifty thousand euros)
Current Income: About € 8,000 per month
Existing Rental Contracts: 8 Contracts
Future Prospects/Potential: 3 Additional Floors can be erected (393×3)
Additional Notes: 2 more floor approved in erection license
Parking: 2 covered and 7 uncovered on Ground Floor
The building is relatively new since it has been completed in 2012 and is in an excellent condition. It Consits of 690m2 Basement, 7 consecutive Shops 395m2, 6 Studios Apartments @30m2 each. In the building license there is an approval for further two floors. A Potential Investor can apply for on extra Floor, Over and above of the current two additional already approved .
Eight Rental Contracts are in place yielding about €8.000,- per month as rental income.
The Buildings’ total Covered Area reaches 1.264m2, and has 9 designated parking spots on the ground floor. (2 Covered + 7 Un-covered)
An overall excellent Investment opportunity, with potential for increased rental income, in case the new owner wishes to exploit further the building by erecting additional floors.
Investment Type: Immovable Property
Investment Details: Commercial and Residential Building
Current Position: Finished / Already Rented.
Year of Construction: 2012
Covered Area: 1264m2, i.e. [690+394+180]
Location: Miltonos Street Limassol, CYPRUS
Asking Price: €1.750.000 (ONO) (One Million & Eight Hundred and Fifty thousand euros)
Current Income: About € 8,000 per month
Existing Rental Contracts: 8 Contracts
Future Prospects/Potential: 3 Additional Floors can be erected (393×3)
Additional Notes: 2 more floor approved in erection license
Parking: 2 covered and 7 uncovered on Ground Floor
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