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Industrial buy in Paralimni Ammochostos
Mixed use building located in the centre of Paralimni, comprises of eight residential apartments (six one-bedroom apartments, two two-bedroom apartments) and one commercial shop on the ground floor. - All of the apartments and the shop are currently rented on long term basis with 50,000 Euros NET total rental income per annum. - Building has been fully renovated 2 years ago and fitted with new electrical appliances and modern furniture throughout. - Building density with the new proposed local plan coming into effect in a few months will be increased from 90% to 120% giving the investor the opportunity to construct some more units. - Plot area: 754.5m² - Total covered area: 502m²
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