Apartment Penthouse in Agios Nikolaos, Limassol

Reference ID: #SA34908 Price details: €639,000 +VAT Building is situated in Limassol's city center, just a 15-minute walk from the beach. The development includes one, two, and three-bedroom units, as well as stylish penthouses. This prime location supports both high demand for short-term and long-term rentals with strong potential for capital appreciation. Market Insights: Open Market Rentals: •1-Bedrooms: €2,000 - €2,200 per month. •2-Bedrooms: €2,700 - €2,900 per month. •Rental Growth: The area has seen a 45%+ increase in rental rates over the past three years, indicating strong market trends for continued growth. •Value Appreciation: The neighborhood is thriving, with significant potential for property value appreciation. Location Benefits: •Proximity to Amenities: Close to shopping, dining, entertainment, and excellent public transport links. •Accessibility: Easy access to the motorway Investment Highlights: •High Demand: Central location ensures high demand for both long-term and short-term rentals. •Yield Potential: Competitive off-plan pricing with a promising high yield and return on investment. Project presents a lucrative investment opportunity with strong rental yields and the potential for significant value appreciation in a growing neighbourhood. Covered area: 96 sq.m. Covered veranda: 25 sq.m. Roof garden: 36 sq.m. PLUS V.A.T