5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS

Limassol,

€12,500,000

 |  MLS # 521

5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS 5 FLOOR CONTEMPORARY OFFICE BUILDING FOR SALE IN LIMASSOL CYPRUS

Property Information

A GREAT INVESTMENT… FULLY RENTED COMMERCIAL OPPORTUNITY WITH A1 TENANTS!

A very attractive well located contemporary 4 year old purpose built 5 floors office building located in one of the most commercial areas of Limassol, with quick access to the beach, to the city center and the town’s road network, including the Highway!

The surrounding area is residential on the one end and mostly commercial on the other with shops and offices, local and foreign banks, premium car dealerships and large department and food stores.

All kind of properties in the area, either residential or commercial, if available, always attract vast interest and command premium prices.

All convenience stores, eating out, shopping, banking facilities, all kinds of shopping retailers and even the beach are all within walking distance!

The annual rental income of this exceptional building offers a good annual rental yield with increased rental provision as per terms stipulated in the rental Agreements for all tenants.

The building is currently fully occupied with rental annual income of:

• The store on the Ground floor is rented for €96,000 euros per year
• The 1st floor for €84,000 Euros per year
• The second and third floors are leased for €168,000 euros
• the 4th and 5th floors are leased for €222,000 per year.
• All floors are designed for rent 3 + 3 years.
• Rent will increase by 6% every 3 years.

AN INVESTOR FOR THE WHOLE BUILDING MAY BUY THE OWNER COMPANY THUS  NOT PAYING VAT AND TRANSFER FEES HAVING CONSIDERABLE SAVINGS

Annual Rental Income: €570,000

Annual Rental Yield: 4.5%

A detailed breakdown of the rental income and all other information requested will be provided on request.

For more information and viewing arrangements call with no obligation 7 days a week or email us anytime.

Greek & English Tel: + (357) 99 66 66 88 / Russian: + (357) 99 86 23 12

Viber & WhatsApp Calls accepted

Price: €12.5 million

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