Residential building for sale in Agios Tychonas, Limassol

The property consists of 5 apts in total, constructed during Yr. 2009 and is located within Agios Tychon village center. The immediate area is characterized mainly by residential developments.
The property in specific:
GROUND FLOOR: Covered parking spaces with total area of approx. 190 sq.m & Storage Units of approx.27.5 sq.m.
FIRST FLOOR:
1. Apt 101, of about 83 sq.m enclosed areas + 17.5 sq.m covered veranda. VACANT
2. Apt 102, of about 53 sq.m enclosed areas + 10 sq.m covered veranda.
3. Apt 103, of about 75.5 sq.m enclosed areas + 13.5 sq.m covered veranda.+ 2 sq.m uncovered
SECOND FLOOR:
1. Apt 201, of about 98 sq.m enclosed areas + 17.5 sq.m covered veranda + 37 sq.m uncovered. VACANT
2. Apt 202, of about 77 sq.m enclosed areas + 13.5 sq.m covered veranda.

Investment Outlook
Apartment Enclosed (m²) Verandas (m²) Status Potential monthly rent
101 – 2 bed 83 17.5 Vacant €1,600
102 – 1 bed 53 10 Vacant €1,000
103 – 2 bed 75.5 13.5 Vacant €1,450
201 – 3 bed 98 17.5 Vacant €2,000
202 – 2 bed 77 13.5 n process to be vacated €1,450
Yearly Income €90,000

The Asset
Land Area: 549m²
Total Internal Area: 387m²Total Covered Verandas: 72m²Total Uncovered Verandas: 39m²
1 x 3-bed apartments (201)
1 x 1-bed apartment (102)
3 x 2-bed apartments (101, 103, 202)
6 storage rooms
6 parking spaces
1 disabled parking space
Planning zone H2
Build Density 90%
Cover density 50%
Floors allowance 2
Height allowance 8.3m

Services / Amenities
500m to the local Supermarket
2km of the sea
2.5km Archaeological Site Amathous
14km Limassol Marina
18.5km to the My Mall Limassol
300m to the Primary School
19km to English Private Schools
13km to the University of Limassol & Cyprus University of Technology
10km to German Medical Institute
11km to Mediterranean Hospital
17km to General Hospital
3km to the nearest Gas Station

The property will need the following works:
• Roof tiling and isolation
• External isolation and painting
For title deeds needs to appoint a Land Surveyor to prepare all necessary paperwork and surveys (Current
Stage)
• Formal external demarcation
• Capture existing situation
• Final measurements for deposit to the authorities for divisions
• Deposit at Land Registry for title deeds
• Proceed with basic maintenance for Certificate of Final Approval issuance purposes
• Apply and connect the sewerage
• Appy and proceed with horizontal division application for title deeds
Applications and works required for separate TDs issuance and the timeframe is estimated at approx. 3-4 years