The proposed investment building is located in Limassol’s Yermasoyia tourist area and it has an internal covered area of 1.323 m2 The building is situated among the finest Hotels in the Yermasoyia area such as the Royal Apollonia and Londa Hotels. All amenities such as restaurants and coffee houses are within walking distance. The proximity to the sea also renders this project highly sought after taking into consideration the current market tendencies which point to the fact that more people want to buy a property with short distance to the sea. From the premises it takes only 4 minutes to walk to the nearest sandy beach as it is located 400 metres away from it. The project consists of a four floor building with a huge communal swimming pool and there are already architectural plans for its renovation. For this project there is no additional VAT because it will be a renovation. The renovation work will start at the end of the current season and will finish in 4 to 5 months. The current building will be converted to 12 individual luxury units. The price for the project is € 4.000.000 There is a 5% guarantee return on investment as an agreement was made with a managing company for 3 years which is running the block.
Cyprus, Limassol, Germasogia
Yermasoyia borders with the municipalities of Limassol and Agios Athanasios. According to the inventory in 2011 it had a population of 13421 residents. In Yermasoyia many prehistoric graves have been excavated but there haven’t been any marks of a settlement. It is unknown as to when the original settlement was built however from the building ruins it is believed that it existed before the medieval times. During the medieval times there is ...
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing estate agent (s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site is updated every 24 hours. All rights reserved.