Commercial Building and land for Sale or Investments with 5% Annual Return
This is a cake with a cherry on top Investment opportunity.
Two Options are available:
- 1st Option:
- Commercial Building with land for sale. According to the Bank of Cyprus valuation in case of repossession for March 2014 present value of the land on its own is 750.000 euro and Building with the land is 1.270 000 euro.
- This project comes under our Distress property section where owner will be happy to sell Property together with the land with huge reduction in the price to a cash buyer.
- Reduction by 35% of the true value of this Business project
- Asking price 850,000 euro
- 5% return per year on rental scheme, with existing Company continue running this business for further 3 years with possibility to extend to 5 years. Upon contract validation Investor will receive back original amount of investments.
- Asking price: 1,200,000 euro
- Location: Nicosia
You can glance through the latest evaluation report for of the Nicosia-based showroom made in on 03/20014 from by the Bank of Cyprus.
The building is located on Strovolos Avenue, the most popular business area in Nicosia.
Building size is 545m2 + 400m2
Basement and the plot is 577m2.
The scale allows an additional 330m2 to be built up to the top of the building. Approved Architecture plan in place.