Plot in prestigious area walking distance to the beach with plans, licences and quantity survey

For Sale / EUR 1.700.000 (VAT not included)
357 70007700
pnicolaou@nicolaouestates.com

Exceptional investment sold at COST price
Property ID:
VL12385
Office Code:
15ANSP
Type:
Land / Plot  
35
2
327
Area:
Potamos Germasogias
District:
Limassol
Completion Date:
2020
Covered Internal Area:
1.054 m2
Balconies:
437 m2
Plot Size:
1.170 m2
Land Type:
Residential
Tenure:
VAT not included
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DESCRIPTION

Modern project with ten of two bedroom apartments and two of four bedroom penthouses with personal roof gardens with pools. The project will be sold off-plan with all licences in place and a quantity survey ready for accurate contractor offers for the cost of the project.

The current estimate building cost is €1.6m based on an average of €1000 per m2 and the cost of the land licenses is €1.7m. This is the true cost of the project so far. So the total combined cost is approximately €3.3m (€2000 per m2)

The minimum selling price for this prestigious area of Limassol is €3500 per m2, hence a potential profit before tax of €2.46m. The return on investment based on the before tax profit, is exceptionally high at 72%.



To summaries: 

- Total cost €3.3m             

- Gross Profit €2.46m

- Return on investment approximately 72%

MAIN PROPERTY FEATURES
For Investment  
MAP
This land / plot in Potamos Germasogias, Limassol is being offered for sale at EUR 1.700.000 (VAT not included).
To arrange an appointment to view this and any other property from our website, please call or email us directly.

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