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Investment in City Center, Limassol

City Center, Limassol, Cyprus

ID 220159
For Sale 2,400,000

PROPERTY FEATURES

Property Type Investment  
Indoor Facilities
Outdoor Facilities

Description

The project consists of 12 studio apartments, a waiting room and a lobby at the ground floor, 7 parking spaces as well as a beautifully designed roof-top with sea and city views. The project was designed to serve a dual purpose, operate both as student accommodation and as serviced apart-ments. Every detail was designed having in mind both markets so that it cater to the needs of both students and travelers. 

All apartments will be equipped with high quality sanitary fittings and accessories. Pipe in pipe system is used for the plumbing installation. The building provides solar heater for each apartment.

The project features an extensive list of amenities,surrounded by retails shops, cafeterias, restaurants, and shopping malls and high quality finishes. 

  • Gated Community with parking space
  • Lobby and waiting room at the ground floor
  • Roof Top Bar
  • High-quality Italian laminate flooring
  • Thermal aluminum window frames with double glazing 
  • High-quality ceramic tiles in bathrooms
  • High-standard sanitary ware 

Each unit is projected to generate 20,000 eur per annum (80 eur per night 70% occupancy rate) hence generating 240,000 eur in gross income per year. The property is ideal for a passport investor as he/she will be able to generate 10% ROI per annum and following the 5-year period he/she will be able to sell individual units (separate title deed every unit) hence increasing the liquidity profile of his investment.

 

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