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Building
Neapolis, Limassol

€4,700,000  ($5,441,118)

Smart Assets Real Estate

Smart Assets Real Estate

Reg. No: 1109 | Lic. No: 317/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $190,439

Average Bank Rate (€4,700,000)
1 USD = 0.8346 EUR
$5,631,558

Mid-market rate (€4,700,000)
1 USD = 0.8638 EUR
$5,441,118

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1831255 (SA36642)

Description

Reference ID: details: €4,700,000The property is located at a seafront position within the Kanika Enaerios Complex, a development that comprises residential apartments, the Odyssey Hotel, and a variety of established commercial premises. This semi-detached commercial building offers direct pedestrian access from the seafront promenade and enjoys a strategic location just a short drive from the city centre. It is also adjacent to public municipal parking and features gated entry into the complex.The building has a total internal area of 1,072m². With current market rental rates in the area at €30.00/m², the estimated annual rental value is €385,920. In comparison, the proposed sale price of €4,700,000 (€4,384/m²) yields a rental return of 8.2% before taxes.Fully Renovated in 2022Common Area Expenses : Approximately €600 per month   

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€184,600 ($213,709)
If buying on joint names
€181,200 ($209,772)

Disclaimer - Property reference 1831255. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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