The asset is a three-storey building located in Apostolos Petros and Pavlos, Limassol. The building consists of a shop on the ground floor and two storeys. The ground floor consists of a united showroom area kitchen and WC. The first floor consists of a united showroom area, three office spaces and WC. The second floor consists of a united area used as storage room. The immediate area is characterized by mixed-use of commercial and residential developments. The building is currently vacant.
The building will be converted into offices which will accommodate the bank
Yearly rent: 120000/annum (single tenant)
The building will be fully refurbished by the bank ( aprox. cost 450.000)
Leased by bank for a period of 8 years (5 year term certain)
Building Density – 140%
Covered Are -620.00 m²