Building for Sale in Limassol District
Limassol District
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Beschreibung
Traditional Residential Building – 12 Apartments Located : Cyprus – Limassol Old Center (down Town) Project Information The plot is 100% bought and registered on the company name, free on any loan and mortgage A planning permit approval is already being issued Complete Turn key Project Selling Price 2.500.000 euros Complete Turn key Project , market price 2.800.000 euros Direct Profit of Asset on deliver date will be 300.000 euros Net Yearly Return of Investment before Taxes 10 % (244.500 euros / 2.5mil) Net Yearly Return of Investment after taxes 9 % (218.763 euros /2.5 mil) Buyer is saving VAT Tax 19% on selling price around 494.000 euros Buyer is saving the registration land office fees around 100.000 euros Payments Terms will be agreed between the Buyer and seller Project Characteristics (Totally 12 Apartments): Ground Floor Parking Space (Ground Area) Lobby Area, stairs and elevator (Ground Area) 12 Apartments (10…
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