Fantastic Investment Opportunity! Four Apartments For Sale Located in Germasogeia, Limassol -Title Deeds (New Build Process)
Located in the vibrant Germasogeia tourist area of Limassol, this investment opportunity is within walking distance of shops, restaurants, bars and the sea front.
The investment opportunity comprises:
- 1 x 2 bedroom apartment on 1st floor 88.4 m² Estimated rental income €1,500
- 1 x 1 bedroom apartment on 1st floor 62.8 Estimated rental income €1,000
- 1 x 2 bedroom apartment on 2nd floor 88.4 m² Estimated rental income €1,500
- 1 x 1 bedroom apartment on 2nd floor 62.4 m² Estimated rental income €1,000
- Rental income = €5000 x 12 month= €60,000 euro per annum, 3% ROI of €2 mil
- Total area 302 m²
- Suitable for Cyprus Permanent Residency - Fast Track
- Walking distance to local amenities
- Walking distance to nearest beach
- 45 minutes to Larnaca International Airport or Paphos Airport
- Title Deeds (New Build Process)
- No VAT
Germasogia is considered to be a small east-suburban town with a population of just under 13,500 people. Germasogia is rich with history and culture as it is home to the Museum of Griva Digeni which displays many ancient artefacts as well as predictions of what life was like in the past, through clothing, labour as well as house-life. Germasogia is only a 10 minute car journey from the centre of Limassol and a 20 minute car journey from the Marina, this makes it very easy for people to reach the city if they wish, to enjoy daytime activities such as shopping at My Mall, swimming in the gorgeous turquoise beaches, boat trips, diving, water sports as well as visiting at night for the bustling night-life such as bars and clubs as well as romantic and family-orientated restaurants for a peaceful night out.
Germasogia is an ideal destination as it is slightly outside of the city centre, making it safer. It has a cooler climate and less humidity, although in perfect distance to reach the city by car or through the use of their frequent bus links.