Residential building in Limassol № 230522

For sale an investment property consisting of four independent apartments, located in the prestigious tourist area of Germasogeia, Limassol, just a 4-minute walk from the beach. The facility has been completely renovated and professionally redeveloped. The process of dividing an object into separate titles of ownership has already been launched — the documents for obtaining separate Title Deeds have been submitted, while all costs and obligations related to this process remain with the current owner.

The property consists of two two-bedroom apartments of about 75 m2 each, with private gardens of 150 m2 and two parking spaces, as well as two one-bedroom apartments of about 50 m2 each, with a garden of about 30 m2 and one parking space. Additionally, there is a basement with an area of about 167 m2 with two additional parking spaces.

The entire property has recently undergone major renovation, including complete replacement of electrical wiring, plumbing, installation of new furniture and new household appliances. The facility is fully operational and does not require additional investments. The total area of the landscaped gardens is about 500 m2, which significantly increases the attractiveness of the property for tenants.

All four apartments have already been rented out and bring in about €9,400 per month, or more than €113,000 in gross income per year, providing an annual return of over 8%. It is a fully ready-made investment asset with immediate cash flow and additional value growth potential after obtaining individual ownership titles.