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Commercial property for sale in Agios Nikolaos, Limassol, Cyprus, 956 m²

Commercial property for sale in Agios Nikolaos, Limassol, Cyprus, 956 m² - photo 1
Commercial property for sale in Agios Nikolaos, Limassol, Cyprus, 956 m² - photo 2
Commercial property for sale in Agios Nikolaos, Limassol, Cyprus, 956 m² - photo 3
Commercial property for sale in Agios Nikolaos, Limassol, Cyprus, 956 m² - photo 4
Commercial property for sale in Agios Nikolaos, Limassol, Cyprus, 956 m² - photo 5
Commercial property for sale in Agios Nikolaos, Limassol, Cyprus, 956 m² - photo 6
Price€1,840,000
TypeCommercial property
Covered area956 m²
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Building in Limassol

Wonderful investment opportunity!! Located in well-known area of Ajax hotel next to linear park all amenities and walking distance to the beach. Whole building with 8 apartments ( Four 2bd apartments, Three 3bd apartments and one 3 bd with a separate studio valued at 460K) Apartments are fully furnished and equipped with electrical appliances and all are currently rented with more than 4% yearly yield. All apartment are fully air-conditioned with covered parking and storage. Built in 2010. Title Deeds available.

Extra Сosts when Buying Property

TRANSFER TAX*
up to €85 000 3%
€85 000 - €170 000 5%
over €170 000 8%
*If VAT has been paid no transfer tax
*If no VAT has been paid 50% of the transfer tax rate
STAMP DUTY
If the value of the property is less than € 171,000 0,15%
If the value of the property exceeds € 171,000 0,2%
VAT
standard rate 19%
reduced rate 0-5%

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Ongoing Ownership Costs

Municipality Tax, annually 0.02%
Communal Services fees, multi-residential complexes, monthly €40-50
Communal Services fees, private house, monthly €60-200
Sewerage Tax, annually €60-75
Electricity costs, monthly about €50
Water rates, monthly about €50
Telecommunication rates €50-60

Additional Services Costs

Legal support (one time payment) 0.8%-1%

Return on Investment

Property Price
Rental Cost
0%
Company Representatives
in Cyprus
Limassol, Paphos, Larnaka
+3572-503-00-31
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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