Excellent development opportunity Anexartisias street Limassol Cyprus
For Sale / EUR 1.900.000
We have for sale a commercial property in the center of Limassol,the most famous retail street Anexartisias.It consisits of a retail outlet which is currently rented for an annual rent of €60000.This property has the huge benefit of a building factor of 240% ,and building cover of 70% ,so there is still 487m2 (approx) unused.
The location is only a few meters away from the Cyprus Technology University and the sea so student accommodation or offices are both very lucrative options as its only 200m from the sea .
Estimated additional rental income of approximately €76,000 bringing the total rental income to €136000 per year.
building density 240%
building cover 70%
13.10 m high over 4 floors
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