Investment in Old Town, Limassol

Description

Prime Investment Opportunity – Building for Sale in Central Limassol | €5,000,000 Presenting a rare opportunity to acquire a centrally located income-generating property in the heart of Limassol, just steps away from major universities and key amenities. Property Details: Plot Size: 300 m² Total Covered Area: 1,400 m² Configuration: 30 fully equipped apartments + 1 ground-floor restaurant Current Rental Income: €14,000/month (leased by the government until end of 2024) Target Tenants: University students ROI: Guaranteed return of approximately 3% annually This turnkey asset offers immediate returns with stable occupancy and high rental demand due to its strategic location near educational institutions. Ideal for investors seeking a low-risk, income-producing property with potential for long-term capital appreciation. Highlights: Prime city-center location Fully tenanted and managed Solid rental history Strong student demand Government-backed lease through 2024