1302m2 Commercial property in Limassol, No. 48974

Property description

This property is located near Limassol Marina, a prestigious area in Cyprus, with easy access to the city’s main roads, the old town, and the new port, which is set to become a future business hub. The land ownership has been secured for six months, and demolition has already begun following the issuance of the demolition permit. The final construction permit is expected within 3-6 months, with the estimated completion date set for March 2027.

The property offers strong financial potential, with rental projections including €58,590/month for primary space, €17,500/month for shared space, and €28,800/year for parking. The total gross annual rental income is projected at €941,880 + VAT, providing a gross annual return of 10.4%. The sale price is set at €9,000,000 + VAT, with the property available at a key-ready level.

The main features of the project and the units:

• Prime location near Limassol Marina
• Easy access to main roads, old town, and future business center