GREAT INVESTMENT PROPOSAL NEW CASINO AREA AKROTIRI LIMASSOL CYPRUS

Limassol,

€2,300,000

 |  MLS # 691

GREAT INVESTMENT PROPOSAL NEW CASINO AREA AKROTIRI LIMASSOL CYPRUS GREAT INVESTMENT PROPOSAL NEW CASINO AREA AKROTIRI LIMASSOL CYPRUS GREAT INVESTMENT PROPOSAL NEW CASINO AREA AKROTIRI LIMASSOL CYPRUS GREAT INVESTMENT PROPOSAL NEW CASINO AREA AKROTIRI LIMASSOL CYPRUS GREAT INVESTMENT PROPOSAL NEW CASINO AREA AKROTIRI LIMASSOL CYPRUS GREAT INVESTMENT PROPOSAL NEW CASINO AREA AKROTIRI LIMASSOL CYPRUS GREAT INVESTMENT PROPOSAL NEW CASINO AREA AKROTIRI LIMASSOL CYPRUS

Property Information

PLOT: 6000 m2 approx / BUILDING CO-EFFICIENT: 90%

The proposal involves a 6000 m2 plot of land with building density of 90% in what is currently the most sought after development and commercial area of Limassol Cyprus.

An un-finished building is within the plot with all plans and building permits for completion if so desired by the new owners.

Details of the Un-finished project seen below:

Alternatively new plans can be submitted by new owners that will correspond with today’s needs.

New developments in the area will have large numbers of personnel that will desperately need affordable rental accommodation.

The Plot and attached in-complete building of 3 floors plus basement is located close to:

• The New Limassol Casino
• The Mall of Limassol
• The Limassol Port
• The British Bases
• The forthcoming Limassol Greens Golf Resort
• The new residential development Sunset Gardens – 170 residential units

Furthermore more large residential and commercial projects, close to the proposed investment, are in the planning or awaiting planning permits.

TWO MOST EASY TO CONSIDER AND PROFITABLE OPTIONS FOR NEW OWNERS:

OPTION 1:

• Clear the un-finished construction and built blocks of rental Apartments. Considering the size of plot and based on the available building density the number of rental studio or 1 bedroom units built can be 100 plus!

OPTION 2:

Commence work to complete the un-finished project that subject to the approved plans that were designed to included:

• Wellness & Fitness Centre
• Sauna / Jacuzzi
• Beauty Saloon
• Indoor Swimming Pool
• Kinder Garden
• Ample Green Areas
• Large Kitchen
• Restaurant / Bar with views across the Bay
• Seven Studio rooms for short term stay on top floor
• Storage Facilities in Basement
• Building of 3 floors plus basement
• Total approved construction 1700m2
• Available remaining buildable area 3700m2

The plot / project can be sold as the Company that owns 100% of the shares of the proposed project and the land referred and as such No Vat and No Transfer Fees are applicable.

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