Cookie Consent by Free Privacy Policy GeneratorInvestment (Mixed Use) in Apostolos Andreas, Limassol for Sale | First Class Homes

Investment (Mixed Use) in Apostolos Andreas, Limassol for Sale

11+ years old

Web Reference: #49977

Property Description

The building consists of ground floor plus two floors and basement. There is a possibility to build one more floor of 240 sqm. 

Commercial space at the ground floor plus 4 apartments (2 two bedrooms and 2 three bedrooms apartments)

  • Size of 3 bedrooms: 140 sq.m. plus veranda 20 sq.m.
  • Size of 2 bedrooms: 85 sq.m. plus veranda 20 sq.m. 
  • Plot 600 sq.m.
  • Size of the Comercial space in the ground floor: 550 sq.m. split into two levels (ground and mezanin) plus covered veranda 100 sq.m. 

Commercial space was previously used as a coffee shop and bakery. It can also be transformed into a shop or office space. Mezanine level can be converted into apartments as it also has a separate entrance. 

  • 1 title deed 
  • Built in 1990 
  • Can build 1 more floor (240 sqm)
  • 10 covered parkings in the basement 

Apartments: 

  • Solar panels 
  • Electric heaters 
  • New windows 
  • Electrical appliances 
  • 2 apartments out of 4 are renovated. 
  • 3 apartments out of 4 are rented. 

Potential income: 

  • 3 bedrooms can be rented: 1500 € - 1800 € 
  • 2 bedrooms: 1300 €
  • Coffee shop : 5000 €
Mortgage Calculator
Currency Converter
Tax Calculator

I am interested about this property