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INVESTORS PROPERTY FOR SALE WITH 7% R.O.I IN LIMASSOL - (NO VAT)

This classified is no longer available.

Publish: 13 Oct 20, views: 981

Price:  €170.000 (negotiable)

Suitable forShop
Covered area (sqm)145 sqm
Year2019
Price €170.000 (negotiable)
Information from owner
Property with Ready business for Sale with €1.000,-p/m Rental Income

This is Ground Floor 2-Bedroom Spacious House build in 1970 and renovated in 2019. It has turned into a profitable business by its owner. The business has been working successfully during the last 15 years and more as Hair-Salon. The House has been transformed into this beautiful Property. In the rear of the business, there is a One-Bedroom House with a lovely mature garden full of plants and aromatic smells.

It is located close to Simillides Traffic lights, just off Archbishop Makarios III, Ave., It is centrally located and has an easy access to all Limassol’s main network.

Property for Sale: The owner wishes to sell the Ground Floor Property along with the One-Bedroom House on the rear, which are on the same title deed. The share on the communal property which is currently being sold is 1/4, properly divided between the owners with a Legal Agreement, and the Agreement is deposited to the land Registry Office for Ownership Security.

The potential Investor will own the 1/4 of the total building, properly designated in Legal documents and will immediately start recieveing €1.000,- p/m Rents, (€700 from the Hair-salon and €300 for the detached House on the rear of the shop)

R.O.I = €12,000 p/a /€170,000 = 7,05%

Title Analysis & Characteristics:
Covered Area Hair-Salon: 110 m2
Covered Area – House: 35 m2
Covered Verandas: 4 m2

Note – 1 : The Hair-Salon Business is also for Sale. Details and more can be discussed with the owner
Note – 2 :The owner of the 1st Floor Apartment (112m2 Covered Areas) is open for an offer for the sale of his property as well.

FOR MORE INFORMATION PLEASE CONTACT US ON: +357 25 25 5689 (Mr. Nick Nicolaou)
 

Contact Name: Nick Nicolaou  (Business Advertiser)

region: Limassol

This classified is no longer available.

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