Limassol Property, Prime Location Commercial Building.

€12.000.000

Description

CM11861

A newly modern commercial building – High specifications and technology standards – Located in one of the most commercial areas of Limassol only 300m from the beach, with easy access to the beach front avenue, to the town center and the motorway network.

 

Square Meters:

Land Area: 1.144 Sq.M

Total Building Area: 4.172 Sq.M

Ground floor shop and mezzanine total area 545 Sq.M

5 levels of open-plan office space total area 2.218 Sq.M

 

Total Parkings – 38

2 basement levels for parking, with 32 covered spaces, 6 uncovered spaces and parking spaces for visitors .

 

 Selling price: €12,000,000 including VAT

 

(OPTION TO PURCHASE SPV COMPANY)*

1st floor for €96,000 per year.

2nd & 3rd floors are rented for €168,000 per year and 4th & 5th floors are rented for €222,000 per year. All floors are based on a 3 years + 3 years rental agreement.

The rent will be increased 6% every 3 years.

Annual income: €582,000 GROSS YIELD: 4.85%

An investor for the whole building may buy the shares of the owner company thus not paying VAT and transfer fees.

Location

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