Exquisite contemporary design building for sale from highly reputable developer
For Sale / EUR 2.200.000 (VAT not included)
A great opportunity arising to purchase a whole building at a fantastic location close to the sea. The construction is starting now and the project is sold at a discount because it is off plan. The developer is amonst the most well known in Limassol with many projects in their portofolio. Plenty examples are out there for the quality of their work to see.
This new project at Potamos Germasogias area, will be located in an exclusive residential area.
The building will be three floors, with two 2 bedroom apartments on the first two floors and a penthouse on the third floor with a private roof garden with swimming pool.
The flats will resemble close to 99% of the 3D drawings and even the furniture are renderings of real furniture you can see in real life in Limassol.
The flats on the 1st floor could easily fetch €1500 each, €1700 on the 2nd floor and €2800 the Penthouse with the pool, a total of €114,000 per year.
Assuming that furniture costs €80,000 and with a VAT of approximately €133,000, the total cost would be €2,420,000.
With the above figures the investment will generate 4.7% return.
The location though is also good for future capital appreciation, hence the return is grossly underestimated figure. We believe this to be a solid investment backed by an immaculate experience and reputation for quality by the developer behind this project.