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PLOT FOR SALE IN KAPSALOS ( 3528 sqm ) €5,000,000

Ref. No: 4522449

Description

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The plot is located in Kapsalos area of Limassol and it is the only property registered , no VAT or transfer fees need to be paid as the shares of the parent company can be transferred.

The project will consists of 1) a basement 680 m2, 2) show room on the ground floor 756 m2 covered, 3) mezzanine 262 m2, 4) 1st, 2nd and 3rd floor with offices total size of 1927 m2 5) 4rth and 5th floor of 8 apartments 1112 m2 covered, 6) swimming pool and other facilities on the roof. Total size of the building is 4782 m2. The projects is designed to be sold to 8 investors sinking for the Cyprus passport as extra bonus out of their investment. Overage selling price 5.266 euros per covered m2

The land (Company) is for sale at the price of 5 million. The cost of the construction is expected to be around 4.7 million. Cost of the sales 1 million. Sales revenue expected to be 20 million and the profit based on the feasibility study is expected to be 9.21 million. The investors can buy the land , apply for building permission and start selling off plan so the project can be self-financed.

Property Details

More information

  • Property Type: Residential Building
  • Price: €5,000,000
  • Property Size: 3528sqm
  • Building Density:
  • Coverage Density :
  • Height :
  • Floors :
  • Zone:
  • • Title Deeds
  • • Sea View
  • • City View
  • • Mountain View
  • • Electricity
  • • Road Access
  • • Telecommunications
  • • Water

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