Limassol District, Limassol, Mesovounia

We are delighted to be offering you this one of kind opportunity to buy a building in the prestigious area of Kefalokremos that consists of 24 studio apartments. The building has final approval and was built as 12 one bedroom apartments but the owners split these apartments into studios of around 37. 5m2 each which brings in more income. The building will have 12 separate title deeds. The owners are earning around 160, 000 a year in rental income. (they work with booking a lot) The building sits on 2 plots that are joined and are 2999m2. The building at the present is 900m2 not including the ground floor which has reception and covered parking of Approx. 400m2. Due to the fact that you can build 1200m2 there are 300m2 available for extra build. Excellent location with only luxury villas around and unobstructed sea view, 5 minutes from the sea and close to the city center.