Details

Mixed-use building available for sale in Paralimni area.

Property is a building that 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.

All in all, a great opportunity to purchase a property with high rental income and with huge potential of capital appreciation in the near future.