Year of Construction: 2013
2 residential buildings for sale in the upcoming area of Zakaki, just a few steps away from MyMall and the new casino resort City of Dreams Mediterranean.
The title deed comprises of two residential buildings with the following characteristics:
***3-floor Building Under Construction***
Total covered area: 690 sqm
6 apartments of 2 bedrooms & 2 bathrooms, approx. 85 sqm (floors: 1-3)
3 apartments of 1 bedroom & 1 bathroom, approx. 50 sqm (floors: 1-3)
16 parking spaces & storage rooms on the ground floor
The building permits were issued in 2013 and the project has been stopped after the completion of the foundation and framing phase in 2015.
***2-floor Building with Rental Income***
Total covered area: 440 sqm
8 apartments of 1 bedroom & 1 bathroom
Indoor area of each apartment: 55 sqm
Construction year: 2009
4 of them are located on the ground floor and 4 on the 1st floor
All of the apartments are rented with a total annual income of 48.000€.
Total Potential Annual Rental Income (after completion): 160.000€/year
Estimated cost of completion: 300.000-350.000€
Estimated time of completion: 6 months