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large mixed use development with offices and apartments in Limassol

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Object №37117
City: Limassol
Area: Historical Center
Bedrooms: 10
Bathrooms: 5
Living space: 8590 m²
Total area: 10800 m²
Floor: 11
Storeys: 11
Windows: Sea and mountains view

Additionally:

Pool: Yes
Appliances: Yes
Furniture: Yes
Air conditioning: Yes
Parking: Yes
Gym: Yes
Conference hall: Yes
Elevator: Yes
Open plan: Yes
Reception: Yes
Restroom: Yes
Payback: 5 years
IRR: 21%
ROI: 21%
Implementation: 29 months
€ 16 000 000
PDF  
info@dom.com.cy
+357 25 212 212

Description:

We offer you an investment project, which is the construction of an office building with shops and apartments on the main shopping street of Limassol, 200 meters from the sea.

The multifunctional building is located in the most central and prestigious part of Limassol. The project is designed using the highest standards of quality and specification.

The challenge was to create a unique and sophisticated design of an office building that could also house shops on the ground floors, as well as apartments on the upper floors.

In the design process that we took on, a big role was played by the location of the plots on two busy streets, the shape of the plots, the orientation, and it was also important for us to preserve the view of the sea and the city from the apartments of our project.

The cost of the entire turnkey project is 16,000,000 euros, which includes land, demolition of buildings and the construction work itself.

All permits and approvals have been received, and we are ready to start construction.

Taking into account the fact that residential residences are located in the building, the return of the investor's funds will be very fast and thus reduce the total cost of the entire project, as well as raise the rate of return on the rental of the remaining premises.

The estimated rental income will be 21% per annum, subject to the sale of all apartments.

With the cost of the entire project at 16,000,000 million euros, the return of funds from the sale of apartments will be approximately 6,700,000 euros, apartments can be sold immediately after the start of the project, thereby significantly reducing the final investment.

We are ready to help you get financing from the leading bank of Cyprus, negotiations have already been held and there is a preliminary approval for lending construction at 3.5% per annum, initially 50 \ 50 for construction work, possibly increasing to 70\30.

The initial amount to enter the project is 6,000,000 euros, which includes the land and the agreed project.

All additional materials on request.

We offer you an investment project, which is the construction of an office building with shops and apartments on the main shopping street of Limassol, 200 meters from the sea.

The multifunctional building is located in the most central and prestigious part of Limassol. The project is designed using the highest standards of quality and specification.

The challenge was to create a unique and sophisticated design of an office building that could also house shops on the ground floors, as well as apartments on the upper floors.

In the design process that we took on, a big role was played by the location of the plots on two busy streets, the shape of the plots, the orientation, and it was also important for us to preserve the view of the sea and the city from the apartments of our project.

The cost of the entire turnkey project is 16,000,000 euros, which includes land, demolition of buildings and the construction work itself.

All permits and approvals have been received, and we are ready to start construction.

Taking into account the fact that residential residences are located in the building, the return of the investor's funds will be very fast and thus reduce the total cost of the entire project, as well as raise the rate of return on the rental of the remaining premises.

The estimated rental income will be 21% per annum, subject to the sale of all apartments.

With the cost of the entire project at 16,000,000 million euros, the return of funds from the sale of apartments will be approximately 6,700,000 euros, apartments can be sold immediately after the start of the project, thereby significantly reducing the final investment.

We are ready to help you get financing from the leading bank of Cyprus, negotiations have already been held and there is a preliminary approval for lending construction at 3.5% per annum, initially 50 \ 50 for construction work, possibly increasing to 70\30.

The initial amount to enter the project is 6,000,000 euros, which includes the land and the agreed project.

All additional materials on request.

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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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