Information about project.

Land information:

The plot is situated parallel alongside High Way of Limassol between the roundabouts of Mesa Getonia and Tsirio Stadium. Location is at the highest position of the High Way so there is a sea view from the Ground floor and the view from the highest floors and the roof terrace is expected to be panoramic.

-Size of the land : 3528 m2

-Green area & roads : 943 m2

-Building Plot : 2585 m2

-Coefficient 100%  , Coverage 50%, 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

Other spaces:

-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

Feasibility Study:

-Cost of Land: 4.500.000

-Cost of Construction & Roads & Architect: 5.000.000 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 euro / per covered m2): 860.000 annually

-Rental income on cost of the project: 9.5%