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Private listing

New Residential Development Opportunity

Limassol, Cyprus

49%

€10.000.000

Residential investment

Value-Add

20 Sep 2021

#11398

Property Details

3,713 m²

Leasable area

17

2,693.24 €/m²

Freehold

For sale

Broker

X

Fees

10.00 %

0.00 %

9.60 %

0.00 %

0.40 %

Investment Overview

Off plan building available for sale, consisting of 17 bespoke units. Situated within a 7 minute walk from the beach in Germasogia, which is one of the most sought after areas on the island. Most of the residents and owners of property in this area are affluent international clients, and unlike other tourist areas on the island, it has a vibrant lifestyle all year round. Limassol is home to major educational institutions and international business entities, which continually enhances the property values. The property itself is located in a quiet cul de sac and although it is a step away from the busy and vibrant area of the city, at the same time provides its owners exquisite views of the beach front in tranquil surrounds. The building itself incorporates the latest in amenities, luxury and technological aspects. The building will also consist of a swimming pool with an adjacent, fully equipped gym on the ground floor. Additionally, the two penthouses will have a roof garden each, complete with private swimming pool. There are 23 parking spaces, out of which 18 are underground, thus enhancing security. Six of the 17 apartments will have double parking. The building will have a 24-hour concierge service. The mechanical room is located in a soundproof enclosed area of the second floor, thus eliminating visible external obstructions which would compromise the external views of the building façade.