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574m² Building for Sale in Columbia Area, Limassol District

ID: 2833588
Posted: 7 months ago
Modified: 2 weeks ago
Views: 6

5+
Under Construction
574m²

€2 930 000
+ VAT

Price per m²

€5105/m²

VAT

Not Included in Price

VAT for this property is €449,505 (Reduced 5% rate) or €556,700 (Full 19% rate). VAT usually is 19%. If it is your first purchase of property, you can have VAT reduced to 5% for the first 150sq.m. of the property.

Title Transfer Fee

Ref. #: SA34119
Plot area: 546m²
Parking: Yes

Energy Efficiency: N/A
Total Number of Floors: 4

Storage room

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