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Landplot with commercial and living development in Limassol

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Object №36581
City: Limassol
Area: Germasogeia
Bedrooms: 10
Bathrooms: 5
Living space: 1220 m²
Total area: 1326 m²
Storeys: 3
Windows: Sea and mountains view

Additionally:

Payback: 3 years
IRR: 86%
ROI: 75%
Implementation: 30 months
€ 1 200 000
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info@dom.com.cy
+357 25 212 212

Description:

Plot for sale in the heart of Germasoyia-Turistik. Direct access to the street with shops, office centers and other infrastructure.

The quarter is very much developing and there is currently a cluster of elite houses and the most modern office centers.

Within walking distance of Dasudi embankment.

The plot of 1100 m2 is divided into two zones :

1-Commercial purpose, where you can build an office building for subsequent rental ( 13,000 euros per month) or sale ( 3,250,000 euros). Office building with an area of approximately 650 m2.

2-Residential purpose, where you can build a residential building with an approximate area of 680 m2 for the subsequent sale of apartments (2,700,000 euros).

The cost of the land plot is 1,200,000 euros.

The cost of the project for the construction of a residential building with apartments and a turnkey office building will be approximately 3,210,000 euros, including the cost of land.

The profit from the sale of the office building and all apartments in the residential building will be about 5,987,000 euros.

The project implementation period is about 2.5 years, including the development of an architectural plan, its approval, obtaining a construction permit and directly for construction work.

The net profit of the project will be 2,500,000 euros, which is 75% of the profit on the invested funds!

Both buildings can be sold immediately after obtaining a construction permit, which will significantly reduce the total investment amount.

Plot for sale in the heart of Germasoyia-Turistik. Direct access to the street with shops, office centers and other infrastructure.

The quarter is very much developing and there is currently a cluster of elite houses and the most modern office centers.

Within walking distance of Dasudi embankment.

The plot of 1100 m2 is divided into two zones :

1-Commercial purpose, where you can build an office building for subsequent rental ( 13,000 euros per month) or sale ( 3,250,000 euros). Office building with an area of approximately 650 m2.

2-Residential purpose, where you can build a residential building with an approximate area of 680 m2 for the subsequent sale of apartments (2,700,000 euros).

The cost of the land plot is 1,200,000 euros.

The cost of the project for the construction of a residential building with apartments and a turnkey office building will be approximately 3,210,000 euros, including the cost of land.

The profit from the sale of the office building and all apartments in the residential building will be about 5,987,000 euros.

The project implementation period is about 2.5 years, including the development of an architectural plan, its approval, obtaining a construction permit and directly for construction work.

The net profit of the project will be 2,500,000 euros, which is 75% of the profit on the invested funds!

Both buildings can be sold immediately after obtaining a construction permit, which will significantly reduce the total investment amount.

Read more ...
More info:
Rostislav Bondar
Location:
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Компания «Dom Real Estate» Контакты:
Адрес: Limassol, Cyprus,
Телефон:+357 25 212 212, Электронная почта: info@dom.com.cy
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