Commercial Residential Building in the Centre of Limassol for sale

€2.100.000

Description

Property Reference:CM7181

Commercial Residential Building in the centre of Limassol, very close to TEPAK main building ( previously Land Registry Office)within close distance to the Town Hall and Anexertisias Street.

The building consists of 2 shops and storage with a total area of 345 sq.m and 13 apartments of which 12 two bedroom apartments and 1 one bedroom apartment with total covered area of 1,127 sq.m.

The entire building is currently rented out with the total income Euro 88.000.

The two shops are rented out with a total monthly rent of Euro 1.500.

The 9 of 13 apartments are rented to TEPAK for a remaining 4 year contract for a monthly rent of Euro 4.125.

Two apartments have been recently rented out to students for Euro 960 per month.

The other 2 apartments are rented to statutory individual tenants for the total of Euro 830 per month.

Location