Mixed use building close to new casino
This whole building for sale is situated in Zakaki area of Limassol, very close to the new Limassol Casino, on a busy commercial road and with easy access the high way connecting all main cities of the island.
Its ideal location offers easy access to the centre of town, the new & old Port, casino, the commercial and business centre of Limassol, as well as the other main cities across the island.
The building was constructed in 2011 and sits on a plot of 790sqm. Its total covered area is 1,323sqm and comprises the following:
- Basement of 690sqm (Earning a monthly rental income of €1100)
- Shops on the Ground Floor of total 394sqm (Earning a rental monthly income of €3000)
- 1st Floor of 6 studio apartments totalling 240sqm (Εarning a total rental monthly income of €3500)
Τotal monthly rental income €7,600 (Υearly €91,200)
The present yield is estimated to 5.70%.
It also has available Building Coefficient to build another two floors of total 350sqm.
Βuilding the 1st extra floor estimated total yearly rent: €126000 (yield 6.81%)
Building the 2nd extra floor estimated total yearly rent: €162000 (yield 8.30%)
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 22 875 353
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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