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Building in columbia, limassol

Limassol, Agios Athanasios
Posted: 23.04.2024 09:54 Ad ID: 5225399
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Reference ID: #SA34119Price details: €2,930,000Eight-unit apartment building for sale in Columbia, Limassol  Entire Building comprised of 8-apartments with submitted planning permit in the prestigious Columbia, Germasogeia Area.NO VAT or TRANSFER FEES are applicable! "Plot is under an SPV"Apartment Building located in Limassol's popular Columbia area, presenting a perfect opportunity for investment as a high yielding rental asset (Annual Rental Income €262.800) or as an opportunistic re-sale opportunity upon completion.Popular and affluent residential areaAccess to Highway - 2 minute driveGladstonos Street - 10 minute driveAnexartisias Street - 15 minute driveBuilding Specification:Apartments: 84 x Two-Bedroom Apartments2 x One-Bedroom Apartments2 x Two-Bedroom Penthouses (with private roofgardens)Total Indoor area: 522 m²Total Covered veranda: 135 m²Common area: 52 m²Total area: 574 m²Parking's: 9Delivery: April 2026Not for primary residence or for re-saleDiscounted Price (on full building acquisition):Price After Discount: €2.930.000Rental Yield (Open Market) = 9% (Annual rental income estimate = €262.800)Rental Yield (Guarantee) = 6.9% (Annual rental income estimate = €202.200) Estimated Valuation on Building Completion: €4,000,000

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