Building for Renovation with Excellent Rental Potential in Limassol / Omonia №119388

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.