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Appartment block with ready rental income in Limassol - Project № 44772

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Rostislav Bondar
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Object №44772
City: Limassol
Area: Germasogeia
Complex: Galatex Beach Complex
Bedrooms: 1
Bathrooms: 1
Living space: 67 m²
Total area: 135 m²
Floor: 1
Windows: sea view

Additionally:

Appliances: Yes
Furniture: Yes
Air conditioning: Yes
Heating: Yes
Parking: Yes
Storeroom: Yes
Gated complex: Yes
Distance to the sea: 10 m
Payback: 11,5 years
IRR: 8,6%
ROI: 7%
4 240 000 EUR
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Description:

DOM Company offers you an investment opportunity to become the owner of a pool of 8 separately located apartments with a unique location.

All apartments are located 10 meters from the sea with a direct view. 100% employment all year round, one of the most famous complexes with a huge demand for rent from tourists.

Do not miss your opportunity to purchase an investment pool of 8 apartments with year-round demand from tourists! 9.6 points on booking! Most of the apartments are rented every year by regular customers.

This investment pool of apartments is for sale for the first time and you have the opportunity to purchase it at a significant discount from the cost of apartments when buying at retail. The owners of the apartments have been buying and forming this rental asset for many years. Immediately after the purchase, you will be able to receive rental income.

Each apartment is made in an original modern design, using advanced technologies and high-quality materials. Each room of the apartment offers a direct panoramic view of the sea. The apartment is ideal for a family, the first coastline, 10 meters to the sea. The property is equipped with furniture and household appliances. Outdoor recreation area. The apartment has an area of 67 m2 and a private courtyard of 67 m2 with a barbecue area.

5 apartments for direct sale from an individual, 3 apartments for a company- transfer through a change of ownership of the company.

January, February, March - full employment of apartments at prices with a seasonal discount. April, May - 70% of the load is already at standard rental prices in the season. June, July, August, September, October - 100% rental load. November, December - 70% of the load. The rate of 8.5% per annum is calculated on the condition that regular customers have discounts from the prices of the initial lease.

The rental price is 170/180 euros per season - booking and 140/150 euros direct customers. It is a rare month when apartments are empty for 2-3 days. Taxes are 430 euros per year from each apartment.

The seller is ready to stay in the management of apartments for 2 years with a net return to the new owner of 5% per annum. This amount (10% - 400,000 euros ) it can be reduced from the purchase price, then the apartments will be managed by the previous owner for 2 years.

DOM Company offers you an investment opportunity to become the owner of a pool of 8 separately located apartments with a unique location.

All apartments are located 10 meters from the sea with a direct view. 100% employment all year round, one of the most famous complexes with a huge demand for rent from tourists.

Do not miss your opportunity to purchase an investment pool of 8 apartments with year-round demand from tourists! 9.6 points on booking! Most of the apartments are rented every year by regular customers.

This investment pool of apartments is for sale for the first time and you have the opportunity to purchase it at a significant discount from the cost of apartments when buying at retail. The owners of the apartments have been buying and forming this rental asset for many years. Immediately after the purchase, you will be able to receive rental income.

Each apartment is made in an original modern design, using advanced technologies and high-quality materials. Each room of the apartment offers a direct panoramic view of the sea. The apartment is ideal for a family, the first coastline, 10 meters to the sea. The property is equipped with furniture and household appliances. Outdoor recreation area. The apartment has an area of 67 m2 and a private courtyard of 67 m2 with a barbecue area.

5 apartments for direct sale from an individual, 3 apartments for a company- transfer through a change of ownership of the company.

January, February, March - full employment of apartments at prices with a seasonal discount. April, May - 70% of the load is already at standard rental prices in the season. June, July, August, September, October - 100% rental load. November, December - 70% of the load. The rate of 8.5% per annum is calculated on the condition that regular customers have discounts from the prices of the initial lease.

The rental price is 170/180 euros per season - booking and 140/150 euros direct customers. It is a rare month when apartments are empty for 2-3 days. Taxes are 430 euros per year from each apartment.

The seller is ready to stay in the management of apartments for 2 years with a net return to the new owner of 5% per annum. This amount (10% - 400,000 euros ) it can be reduced from the purchase price, then the apartments will be managed by the previous owner for 2 years.

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Rostislav Bondar
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Компания «Dom Real Estate» Контакты:
Адрес: Demetri Psatha 24 4102 Limassol, Cyprus,
Телефон:+357 25 212 212, Электронная почта: info@dom.com.cy