8-unit apartment building in columbia, limassol
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- Condition: Under construction
- Plot area: 574 m²
- Property area: 522 m²
- Included: Garden, Parking, Elevator, Alarm, Balcony, Storage room
- Postal code: 4043
- Online viewing: Yes
- Construction year: 2024
- Energy Efficiency: A
- Square meter price: €5.613 /m²
Off Plan - Entire Building comprised of 8-apartments with submitted planning permit in the prestigeous Columbia, Germasogeia Area.
NO VAT or TRANSFER FEES are applicable! "Plot is under an SPV"
Project Location:
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.
The buildings sits in very close proximity to the main high street, with easy access to the main highway.
Building Specification:
✅Apartments: 8
✅4 x Two-Bedroom Apartments
✅2 x One-Bedroom Apartments
✅2 x Two-Bedroom Penthouses (with private roof gardens)
✅Total Indoor area: 522 m²
✅Total Covered veranda: 135 m²
✅Uncovered veranda: 54 m²
✅Common area: 52 m²
✅Total area: 574 m²
✅Parking's: 9
✅Delivery: April 2026
✅Not for primary residence or for re-sale
Location:
✅Popular and affluent residential area
✅Access to Highway - 2 minute drive
✅Gladstonos Street - 10 minute drive
✅Anexartisias Street - 15 minute drive
Discounted Price (on full building acquisition):
Price After Discount: €2.930.000
Rental 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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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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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:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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