Apartment building in old town
The Property House proudly presents this unique investment opportunity in the heart of Limassol Old Town, situated in one of the city’s most desirable and fast-growing locations. This loft-style residential building offers exceptional potential for investors looking for strong rental returns in one of Cyprus’ most active real estate markets.
Perfectly positioned within walking distance of the beach, Limassol Marina, the university, restaurants, cafes, boutique shops, business centres, and the city’s growing technology hub, the property benefits from constant rental demand from professionals, students, digital nomads, and international companies relocating to Limassol.
The building has been designed over two levels and offers a flexible layout with multiple rental units.
The ground floor consists of five spacious studio apartments of approximately 45 m² each. The three studios located towards the rear of the building benefit from their own private garden areas, creating attractive outdoor spaces rarely found in the city centre.
The first floor has a separate entrance leading to two comfortable one-bedroom apartments of approximately 55.6 m² each, both featuring private balconies. On the left side of the building, with its own independent entrance, there is a generous two-bedroom apartment of 113.8 m², offering two bathrooms and two private balconies.
With some renovation and modernisation, this property can be transformed into a high-performing rental asset. The combination of location, unit layout, and increasing demand for quality accommodation in central Limassol makes this an excellent opportunity for investors seeking long-term income and capital appreciation.
The projected rental income after renovation offers very attractive returns:
The seven smaller rental units have an estimated rental potential of approximately €1,400 per month per unit, creating a projected income of €9,800 per month. The premium two-bedroom apartment has an estimated rental potential of €1,600 per month.
This provides a total projected gross rental income of approximately €11,400 per month and €136,800 annually.
The property has remained unused for several years and requires renovation; however, it offers outstanding potential to create a modern serviced apartment concept, co-living residence, or long-term rental investment in one of the most strategic areas of Limassol.
A rare opportunity to acquire an entire income-generating building in the centre of Limassol, surrounded by lifestyle amenities, business activity, and continuous urban development.
For more information or to arrange a private viewing, please contact The Property House.
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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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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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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