A very advantageous commercial land for sale in Kapsalos area of Limassol - NO V.A.T
Archived / EUR 3.750.000
Information about project.
-Size of the land : 3528 m2
-Green area & roads : 943 m2
-Building Plot : 2585 m2
-Coverage 50%, Coefficient 100% for any commercial building.
-Architecture plans for Show Room & Offices:
Plans provide a building which 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
-First, second, third and fourth floor of offices (4 X 467 m2): 1868 m2
-Fifth floor of offices: 513 m2
-Uncovered verandas (Extra): 316 m2
-Covered Verandas (25% X 3102) extra: 775 m2
-Total Covered area: 3611 m2
-Uncovered area: 316 m2
-Basement: 1266 m2
TOTAL: 5193 m2
-Parking Places: 85
No Transfer fee to be paid.
The investor can save VAT as there is no VAT on the sale of company shares
-Cost of Land: € 4.500000
-Cost of Construction & Roads & Architect: € 5000000 VAT
-Total Cost of the Project: € 9.000.000 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 (€20 per covered m2): € 860000 annually
-Rental income on cost of the project: 9.5%
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