A Very Advantageous Commercial Land For Sale in Kapsalos Limassol NO V.A.T

Archived / EUR 3.500.000
77775070
or  +357 95598488

Property ID:
VL7939
Office Code:
38KYGA
Type:
Land / Plot
35
1
336
Area:
Kapsalos
District:
Limassol
Plot Size:
2.585 m2
Land Type:
Commercial
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DESCRIPTION

Information about project:

Land information:

Size of the land : 3528 m2

Green area & roads : 943 m2

Building Plot : 2585 m2

Coverage 50%, Coefficient 120% for any commercial building.

Architecture plans for Show Room & Offices:

Plans provide a building witch consists of a basement; ground floor and mezzanine as a showroom and five stories of offices. Plans are ready to be attached on application to get a building permission.

Ground Floor (Show Room) ……………………………..….. 764 m2

Mezzanine ………………………………………………Extra 380 m2

1st & 2nd & 3rd & 4th floor of Offices (4 X 467 m2)...…..…….1868 m2


5th floor of offices ……………………………………………..513 m2

Uncovered verandahs …………………………………. Extra 316 m2

Covered Verandahs (25% X 3102)……………………...Extra 775 m2

Total Covered area ………………………………………...4.300 m2

Uncovered area ……………………………………………….316 m2

Basement…………………………………………………… 1266 m2

TOTAL: ……………………………………………….……5.882 m2

Other spaces:

Parking Places ……………………………………………………………..…………… 85

No Transfer fee to be paid.


Save VAT

The investor can save VAT as there is no VAT on the sale of company shares

3. Fusibility Study:

Cost of Land…………………………………………………..……....….. 4.850.000

Cost of Construction & Roads & Architect …………………………..... 4.500.000 VAT

Total Cost of the Project ……………..………………………………..… 9.300.000 VAT

Selling price of the project (3.250 X Covered 4.300m2)………….….. 15.050.000 VAT

Net Profit ……………………………………………………….................. 5.750.000 VAT

Profit on cost ……………………………………………………………………….……... 62%

Rental income (35 per covered m2) …………………………………… 1.800.000 annually

Rental income on cost of the project……………………………………………………19.35

MAIN PROPERTY FEATURES
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This land / plot in Kapsalos, Limassol is being offered archived at EUR 3.500.000.

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