Description
Great investment opportunity in the most attractive location of Limassol - center, first line to the sea.
The building consists of 7 floors with total area of 1009.39m2
144.20m2 per floor:
100m2 apartment with 22.5m2 balcony (FACING THE SEA!) plus 23.46 common area
According to current plan all 7 sea facing flats which will be refurbished into either 2 bedroom apartments with a separate kitchen or into 3 bedroom apartments with an open plan kitchen at your request for the total amount of eight million nine hundred and fifty thousand Euro (€8,950,000).
All apartments have issued title deeds and are available for immediate transfer and shall be fully refurbished within six (6) months of transfer.
All apartments have one (1) parking space each - there is an option of constructing a parking lot that would belong solely to the building.
Additionally:
The ground floor consists of the building lobby and 5 consecutive shops on Main Sea Front Road
The shops can be sold together with the residential part of the building or as a separate investment - total area 374.48m2
*The building has potential to easily become a commercial property and could be adopted for an office building as well.
* The property can be sold in its current (pre refurbishment) state as well.