Whole building for sale in a good location in Limassol. Investment opportunity!
ID: 5270Commercial Building

Whole building for sale in a good location in Limassol. Investment opportunity!

Limassol Town, Limassol
3,500,000

Being a hotel in its core this project provides within it a hotel apartment permit to apply as a business venture to attract the numerous tourists that visit Limassol every year.

Taking into note that Cyprus allows for a six month summer season the investment return rate that can be achieved each year will be considerably high.

 Being located in a hot spot holiday location, this project provides easy access to a variety of lavish options as a  5-star hotels (gym, spa, etc.) with sea front locations, shops, restaurants, bars and clubs.

 

As a whole this project can become a great source of profit based on three unique choices:

Re-sale: By acquiring the building re-enforced and in a tip top condition the option to re-sell becomes a valid way to gain future profits instantly. Be it by separate apartments or the project as whole, you can feel assured of a healthy return!

Short term rentals: The project comes hand in hand with a Hotel apartments permit! So for those that feel committed to the service of others the option of renting the flats for short periods of time might seem like the way forward. Estimate Rental Income 6% Per Annum.

Long term: On the other hand if long term suits your preferred work type the annual projected income begins at: €100.000

 

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