| MLS # 594
Rent increases by 2.5% annually hence:
Year one monthly rent is €15,000 (€180,000 annually)
Year two monthly rent is €15,375 (€184,500 annually)
Year three monthly rent is €15,760 (€189,120 annually)
Year four monthly rent is €16,150 (€193,800 annually)
Year five monthly rent is €16,560 (€198,720 annually)
Total rent income received in the first five years: €946,140!
The tenant is a triple A reputable Russian online gaming company with offices in Russia and Limassol, employing in excess of 250 employees.
Rental Payments are made every 4 months in advance and the owner holds a two-month deposit guarantee.
The asking price for the property is €2,800,000 which represents a 6.4% rental yield (on year 1)
The property is owned by an SPV Company, therefore the buyer will NOT bear any Vat Nor transfer fees, as the buyer can acquire the shares of the company.
Construction has commenced and completion is set for April 2022.
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Tel: + (357) 99 86 23 12 Russian
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