Cyprus Real Estate Marketplace

1072m² Building for Sale in Limassol - Neapolis

  • 5+
  • Pre-Owned
  • 1072m²
  • €4 700 000
Price per m²
€4384/m²
Title Transfer Fee
~€184,600
  • Ref. #: SA36642
  • Total Number of Floors: 3

Reference ID: #SA36642Price details: €4,700,000The property is located at a seafront position within the Kanika Enaerios Complex, a development that comprises residential apartments, the Odyssey Hotel, and a variety of established commercial premises. This semi-detached commercial building offers direct pedestrian access from the seafront promenade and enjoys a strategic location just a short drive from the city centre. It is also adjacent to public municipal parking and features gated entry into the complex.The building has a total internal area of 1,072m². With current market rental rates in the area at €30.00/m², the estimated annual rental value is €385,920. In comparison, the proposed sale price of €4,700,000 (€4,384/m²) yields a rental return of 8.2% before taxes.Fully Renovated in 2022Common Area Expenses : Approximately €600 per month   

  • €4 700 000
Price per m²
€4384/m²
Title Transfer Fee
~€184,600
  • Agency
  • R.N.:1109 L.N.:317/E
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