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Building for Renovation with Excellent Rental Potential in Limassol Project №119388

119388
https://dom.com.cy/upload/resize_cache/uf/d03/1920_1080_2/31xq6vr593flvttlthaushymace4i4do.jpg
Additional:
Parking
Storage
Elevator
Description:

We are excited to present this unique opportunity to invest in a building with significant potential for high rental returns and capital appreciation after renovation.

Basement:

Size: 300 m2

Potential Use: 8 parking spaces and a possible storage area.

Ground Floor, current Layout:

Two shops totaling 223 sqm. Additional Space: 180 sqm mezzanine.

Second & Third Floors:

Current Layout: Four three-bedroom apartments (114 sqm each).

Proposed Renovation Plan:

Convert the current three-bedroom apartments into:

Six one-bedroom apartments, Six two-bedroom apartments.

The renovated building will include six one-bedroom and six two-bedroom apartments, perfectly tailored for rental demand.

Prime potential for rental income in a highly sought-after location. Significant capital appreciation after renovations.

Flexible property layout, ideal for long-term leasing or short-term rental models.

This is an exceptional opportunity for investors seeking a property with a clear path to maximizing returns through renovation and optimized use of space.

For more details about this exciting investment opportunity or to schedule a viewing, please don’t hesitate to get in touch.

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Object
№119388
Type:
Commercial
City:
District:
Complex:
Developer:
Total area:
1276 m2
Storey:
3
Year of construction:
1989
Distance to the sea:
1400 m
Payback:
13 years
ROI:
8%
1 580 000 EUR
1 238 EUR/m2
2025-12-31T04:11
119388
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