Apartment building in zakaki

A rare, turnkey investment opportunity to acquire a high-standard, fully furnished residential building in Zakaki, one of Limassol’s fastest-growing and most strategic districts. The property is located just minutes from the City of Dreams Mediterranean Casino Resort, MY MALL, and Lady’s Mile Beach, an area experiencing exceptional rental demand and strong capital appreciation.

This is a fully operational, income-producing asset, ideal for investors seeking stable returns, minimal management, and long-term growth.

?️ PROPERTY OVERVIEW

Total Covered Area: 940 m² (including covered verandas, basement, roof garden)

Total Units: 9 apartments with separate title deeds, converted to 18 fully furnished studio apartments (levels 1-3).

Levels: Ground Floor + Basement + Rooftop

Year of Construction: 2022

Energy Efficiency: Class A+

Rental Status: 100% occupied

Monthly Rental Income: €25.000 (Contract until May 2027 in one company)

Yearly Rental income €300.000

Asking Price: €3,600,000

Rental return 8.3%

? APARTMENT UNITS

The building is licensed with 9 apartments, 3 apartments in each floor.

1. Flat number 101 covered internal area 59 sq.m. and covered veranda 18 sq.m., uncovered parking number 9 on ground floor and exclusive right of use of solar panels number 6 on 4th floor

2. Flat number 102 covered internal area 57 sq.m. and covered veranda 16 sq.m. uncovered parking number 4 on ground floor and exclusive right of use of solar panels number 7 on 4th floor

3. Flat number 103 covered internal area 58 sq.m. and covered veranda 18 sq.m. uncovered parking number 5 on ground floor and exclusive right of use of solar panels number 4 on 4th floor

4. Flat number 201 covered internal area 59 sq.m. and covered veranda 18 sq.m. uncovered parking number 6 on ground floor and exclusive right of use of solar panels number 3 on 4th floor

5. Flat number 202 covered internal area 57 sq.m. and covered veranda 16 sq.m. uncovered parking number 7 on ground floor and exclusive right of use of solar panels number 2 on 4th floor

6. Flat number 203 covered internal area 58 sq.m. and covered veranda 18 sq.m. uncovered parking number 8 on ground floor and exclusive right of use of solar panels number 1 on 4th floor

7. Flat number 301 covered internal area 59 sq.m. and covered veranda 18 sq.m. covered parking number 1 on ground floor, exclusive right of use of solar panels number 5 on 4th floor, gym on basement 195 sq.m., swimming pool number 2 on basement 21 sq.m. and space on the basement number 3 27 sq.m.

8. Flat number 302 covered internal area 57 sq.m. and covered veranda 16 sq.m., covered parking number 2 on ground floor and exclusive right of use of solar panels number 2 on 4th floor

9. Flat number 303 covered internal area 58 sq.m. and covered veranda 18 sq.m. covered parking number 3 on ground floor and exclusive right of use of solar panels number 1 on 4th floor

The current tenant is using the building as 18 Studio Apartments

Each apartment is fully furnished and equipped, offering immediate rental continuity:

Energy Class A kitchen appliances

Custom-made Italian kitchens & wardrobes with interior LED lighting

GROHE sanitary ware

Premium Italian & Spanish ceramics and marbles

Wooden parquet flooring

Televisions, refrigerator, oven, kettle

Smart lighting systems

Contemporary furniture and high-end finishes throughout

? FACILITIES & AMENITIES

Facilities include a rooftop garden with panoramic city and sea views, ideal for leisure or hosting food and drinks, covered parking, and a modern entrance lobby.

The basement level initially was designed to accommodate a gym, spa and changing rooms, but now is used as an office space. Also, there is an outdoor swimming pool between the basement and ground floor, adding significant flexibility and value to the building and enhancing its appeal to corporate and long-term tenants.

? PRIME LOCATION – ZAKAKI, LIMASSOL

Ideally located near MY MALL and Lady’s Mile Beach, the property enjoys direct and easy access to the motorway, ensuring fast connectivity to Limassol city centre and surrounding business hubs. Zakaki continues to be one of Cyprus’ highest-demand rental areas, driven by the nearby casino resort, retail developments, and infrastructure growth.

?️ TECHNICAL SPECIFICATIONS

? Interior Quality

GROHE sanitary ware

Italian custom-made kitchens with LED lighting

Italian & Spanish ceramics & marbles

Wooden parquet flooring

Energy-efficient appliances

Modern furniture and lighting

?️ Construction & Insulation

External thermal façade insulation (5 cm polystyrene)

Roof insulation (8 cm)

Cement board systems

HPL exterior cladding

Balcony decking systems

? Frames & Energy Performance

Premium thermal-insulated aluminium systems:

MU 2075 Thermal

MU 114 Lift & Slide

Smart shading & automation systems

Photovoltaic system

Heat pump and underfloor heating

Full Class A+ energy performance

? Smart & Electrical Systems

Smart-door access with tags

Full building automation

Integrated sound system

Server room and structured cabling

Energy-efficient LED lighting throughout

? INVESTMENT HIGHLIGHTS

✔ Fully rented building with €25,000 monthly income

✔ Turnkey investment – no additional capital required

✔ Prime location near Casino, Mall & beach

✔ Strong corporate and long-term tenant demand

✔ Low operating costs due to energy-efficient systems

✔ Flexible rental strategy (long-term, short-term, corporate housing)

✔ Modern construction with premium specifications

✔ Excellent ROI and long-term capital appreciation potential

? WHY THIS ASSET STANDS OUT

Stable and predictable income stream

Strategic location with sustained growth drivers

Class A+ energy efficiency ensures future-proof value

Fully furnished and operational from day one

Suitable for private investors, funds, or institutional portfolios