Brand new apartment 8 minute walk to the Casino of Dreams
For Sale / EUR 195.000 (VAT not included)
Brand new apartment in Zakaki area with very advantageous orientation and 2nd floor positioning for the ultimate natural bioclimatic thermal insulation.
The apartment is the last one available on a small block of only 6 flats.
It has all modern comforts such as thermal efficiency aluminium doors and windows, thermal wall insulation, hot water solar panels, covered parking and small storage.
The flat is sold at a discount compared to the prices of other similar properties on offer in the same area with exceptional prospects for capital appreciation and rental potential. Only the Casino will employ close to 800 employees, making this area a rental hotspot. With the progress of the Limassol Greens golf resort next to the Casino, the area will "suffer" with huge rental property shortages with all the resulting rental prices sharp increase.
The Rental yield is estimated to be close to 5% gross with a fully furnished flat rented at a very conservative €1000 per month. Other brand new properties in the same area currently rent for €1200.
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