Skip to main content
Apartment Building
Zakaki, Limassol

€1,700,000  ($1,966,646)

Fox Smart Estate Agency Limassol

Fox Smart Estate Agency Limassol

Registered & Licensed Estate Agency - R.N. 488, L.N. 344/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $68,833

Average Bank Rate (€1,700,000)
1 USD = 0.8352 EUR
$2,035,478

Mid-market rate (€1,700,000)
1 USD = 0.8644 EUR
$1,966,646

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: 1709002 (28567)
  • Plot: 624 sqm

Description

A high-yield investment opportunity in one of Limassol’s fastest-growing areas. This brand-new boutique hotel, fully transformed in late 2024, sits on a 624m² corner plot, just 2 minutes from My Mall, 10 minutes from City of Dreams Casino, and a 2km drive to Lady’s Mile Beach. Despite its central location, it is in a quiet neighborhood with easy access to main roads, public transport, and essential amenities.

The hotel consists of six fully furnished, modern apartments, designed for comfort and functionality. The ground floor features four apartments, while the first floor hosts two additional units, offering extra privacy. The layout includes three 1-bedroom apartments and three 2-bedroom apartments - with one of the 2-bedroom apartments featuring two bathrooms, all boasting spacious interiors, stylish finishes, and high-quality furnishings.

Currently, all units are rented long-term, generating a stable 6.3% rental yield. However, higher returns could be achieved if some or all units were operated as short-term rentals, taking advantage of the high demand in the area. The building is equipped with 24/7 CCTV surveillance, air conditioning, mosquito nets, a private yard, and ample parking space, ensuring security and convenience for residents.

Another key advantage—this property is exempt from transfer fees and VAT, making it an even more attractive investment.

A rare opportunity to acquire a fully operational, income-generating property with strong appreciation potential and flexible rental strategies.

For privacy reasons, the advertiser has not indicated the exact address.
Open map  

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
€64,600 ($74,733)
If buying on joint names
€61,200 ($70,799)

Disclaimer - Property reference 1709002. 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.

850 properties SOLD in Zakaki and nearby areas! Get in touch with local agents who can sell your property fast at the best price!