Limassol Property, Large Commercial Building for sale

€7.500.000

Description

CM11864

Commercial building built on a 7.173m2 plot of land in Agios Athanasios area, parallel to Limassol – Nicosia Motorway. The immediate surrounds are highly commercialized with shops, offices and showrooms of large commercial and automobile organizations.

 

Features:

Direct access from the Motorway

The total development is 4.371m2 and it is spread over 4 levels: the ground and the first floor which are the main commercial areas, the second floor which is the office and the basement level.

Total Parking spaces 80

 

Square meters:

Land Area: 7.173m2

Ground Floor – covered area 1.358m2

First Floor – covered area 1.358m2

Second Floor – covered area 155m2

Basement – covered area 1.500m2

 

Yearly Rent: 252.000 euro / Annual Yield: 3,36% .

 

There are 1152 sq.m office space available, to be used for future development, witch will be

increase the yield to 5%.

 

 

Note1: Grade “A” Tenant – Sports Direct (term of 10 years from 10 November 2015 at a current rent of €262,080 euro annum)

 

The lease provides for rent reviews and increase 4% every 2 years.

Location

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