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COMMERCIAL BUILDING FOR SALE (RENTAL INCOME ABOUT EUR.100,000 P/A) (NO VAT - PRICE NEGOTIABLE)

for sale in Limassol, Zakaki

Publish: 22 Jun 20, views: 509

Price:  €1.599.999 (negotiable)

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Covered area (sqm)1264 sqm
Year2012
Parking4+
Price €1.599.999 (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 ground floor Shops of 395m2, 6 Studios Apartments of 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: €1.599.999 (ONO)
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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