Building, Mixed-Use, Fully Renovated

For Sale

890,000 €

Building, Mixed-Use, Fully Renovated

Paralimni

Property Description

Mixed-use building for sale in the centre of Paralimni, comprises of eight residential apartments (six one-bedroom apartments, two two-bedroom apartments) and one commercial shop on the ground floor.

- All of the apartments and the shop are currently rented on long term basis with 50,000 Euros NET total rental income per annum.
- Building has been fully renovated 2 years ago and fitted with new electrical appliances and modern furniture
throughout.
- Building density with the new proposed local plan coming into effect in a few months will be increased from 90% to 120% giving the investor the opportunity to construct some more units.
- Plot area: 754.5m²
- Total covered area: 502m²

Property Details

Reference: NIS9635

Type Commercial Building

Status Resale

Baths 8

Website Views 41

Gross Area 502 m²

Land Area 755 m²

For Sale

890,000 €