Bazaraki
Property 6446899
Limassol · EUR 1,270,000 · Unknown type
**Investment Opportunity – Residential Building for Sale | Limassol** Evagora Pallikaridi 3, 4645 Asomatos, Limassol. **Property Overview** Modern residential building located in Asomatos, Limassol, built approximately 2 years ago (2023). The property consists of 4 apartments: * 2 × Two-bedroom apartments * 2 × Three-bedroom apartments Total built area: approx. 456 sqm Plot size: approx. 500 sqm The property is fully rented (100% occupancy) and generates stable income. **Location & Area** The property is situated in a quiet and rapidly developing residential area in Asomatos, Limassol. * 5 minutes drive to the beach * 5 minutes drive to MyMall Limassol * 9 minutes drive to Limassol Marina and main tourist zone The area attracts strong rental demand from: * Employees of the nearby casino and hospitality sector * Professionals seeking a quieter living environment * Local families looking for peaceful surroundings with easy access to the city **Apartments & Features** All units are modern, fully furnished, and designed for comfortable long-term living. * Fully equipped kitchens with electrical appliances * Air conditioning in all rooms * High-quality finishes and modern design * Private gardens and balconies (for selected units) * Energy-efficient construction with high insulation * Solar panel system reducing electricity costs Parking: * 3-bedroom apartments: 2 parking spaces each * 2-bedroom apartments: 1 parking space each * Additional street parking available **Financial Performance** * Monthly rental income: €6,000 * Annual income: €72,000 * Net income: approx. €70,500 * Net yield: approx. 5.55% Potential upside: * Rental increase potential to €6,500–€7,800 per month * Lease renewals allow approx. 5% increase per contract **Deal Structure & Ownership** The property is company-owned, offering flexible acquisition options: * Purchase of the entire building (asset deal) * Purchase of individual units * Share deal (acquisition of the company holding the asset) Additional advantages: * Clean ownership (no legal issues) * Existing tenant agreements in place * Potential tax benefits through share deal structure (subject to professional advice) **Summary** A turnkey, income-generating residential investment in a high-growth area of Limassol, offering stable returns with clear upside potential and flexible acquisition structure.
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