Amazing Investment

Amazing Investment

2021-03-20
Properties

For sale is one of the last two remaining lands on the seafront in Cyprus with a huge ROI calculates to be 41%!

There is a possibility of buying "Option A"- land for 15 million euro together with the Planning permission.
Or "Option B"- buying land with Planning Permission as a project including contraction cost for approx 26 million.
(Please refer to the smallest tower in the picture)

It is a new landmark building located in the vibrant business hub of Limassol. A space set to redefine the corporate setting on the island with its architectural ingenuity, structural design and sustainability.
The current planning permit offers:

9 floors of offices;
1 retail on the ground floor;
1 mezzanine
43 parking spaces

The Tower is intended to be a landmark or ‘trophy’ building on the beachfront coastline of Cyprus. It is closely associated in terms of design and proximity with another high-end development from the same promoters, which is to be one of the most popular skyscrapers in Cyprus.
The “Seller” has so far acquired the relevant plot of land on the Limassol beachfront, completed the architectural designs and received the Planning Permit for the development of The Commercial Tower.
The development cost of the Project (excluding the cost of land) is estimated at around €11m.

A business plan and projective profit plan from an independent financial institution are available.

More info+ All documents (including revenues, profits etc.) will be provided by the owners upon receiving signed LOI with passport copy of a Buyer, NDA agreement, Proof of Funds covering the initial amount+SOF from the interested party. Please note we can provide you with LOI and NDA to fill in and sign, but POF must be provided by the Buyer Bank. SOF from the Buyer will be required by the receiver Bank prior initial deposit paid.

For any enquiries regarding this Property please email info@LuxuryHotelsMagazines.com