Global Property Guide

Financial Information for the Residential Property Buyer

Building for Redevelopment Limassol

Full Description


Great Opportunity for InvestmentCommercial building with yearly revenue 6%.The Building consists of 7 connected shops, which is currently being rented from a big company as one large shop. The internal area is 394sqm, plus 197sqm mezannine and another 690sqm for basement which can be used as a parking space for 17 cars or as a storage. As the land registry gives 100% density and allowance for 3 floors, new owner can build another 2 floors of total area apprx. 393sqm. There might be an opportunity, upon request to the government, a licence to be received for an extra floor. More parking space on the ground floor for another 6 cars (2cover and 4 uncovered). Plenty more parking space in front of the shop.For further information and to book a viewing you can contact the agent.

Key Information

Property ID: 40110067
Location: Cyprus, Limassol
Categories:
  • Commercial
  • Building for Redevelopment
Bedrooms: 0
Bathrooms: 0
Price:
  • £1,536,500
  • €1,750,000
  • $1,888,430
Short Description:

Great Opportunity for InvestmentCommercial building with yearly revenue 6%.The Building consists of 7 connected shops, which is currently being rented from a big company as one large shop. The internal area is 394sqm, plus 197sqm mezannine and another 690

Marketed by


Property In Cyprus