Exceptional Investment opportunity, whole office block | Property ID:C-Lim_O10

  • €2,800,000
Limassol, Limassol
For Sale NEW UNDER CONSTRUCTION

Exceptional Investment opportunity, whole office block | Property ID:C-Lim_O10

Limassol, Limassol
  • €2,800,000

Details

  • Property ID: C-Lim_O10
  • Price: €2,800,000
  • Property Size: 781 m²
  • Price / Sqm: €3585,15
  • Land Area: 781 m²
  • Bedrooms: 24
  • Bathrooms: 24
  • Property Type: Commercial Property
  • Property Status: For Sale

Description

Exceptional Investment opportunity, whole office block

*Investment option for the commercial property under construction in old part of Limassol, Cyprus*

Cyprus property with TITLE DEEDS, under construction!

Excellent guaranteed investment prospect!

For a person who works hard, comfort is always a priority. The layout of the business center was thought out to the smallest detail. At 870 meters there is a spacious reception room and a dressing room at the entrance. The building is designed for 250 employees, so offices and bathrooms are located on five floors with lounges and a cozy roof terrace, decorated in a relaxed atmosphere.

Gorgeous views of the city and the sea, conducive to discussions or light conversations in the fresh air. Here you can think about business, solving problems to ”reboot” and be inspired by new ideas. Here you can think about business, solving problems to ”reboot” and be inspired by new ideas. All this is hosted in 870 meters of covered space, including a spacious reception area, cloakroom for clients (at the entrance to the building) and ample parking.
The envisaged interior is based on the concept of large equipped working zones and is complemented by several rational and constructive layout. The interior flows smoothly goes from the working area to the isolated rooms, maintaining the most comfortable proportions of the co-working places and providing the maximum of natural ventilation of all premises and illumination through the large windows.

The style of interior assumes complete color and stylistic harmony and does not tolerate excesses; however, it does not deny competently selected original furniture and suitable decor. Original furniture items and many green plants adorn the interiors of all working and common spaces, including WC.

This magnificent office block is located in the heart of the old part of Limassol, just a couple of minutes’ walk from cafes, restaurants, shops and all municipal and commercial services on the most famous avenue at the harbor. There is a private parking with easy access.

The building is planned for leasing a specific company. The already existing 5-year contract with a potential tenant provides for a monthly rent of 15,000 Euros (which is 180,000 Euros per year). This gives the possibility of extending the contract on the terms of an annual increase in the rental price by 2.5%.

Such, for the second year of rent the price for rent will already be 15,375 euros (184,500 euros per year), and in the third year the monthly rental price will be 15,760 euros, in the fourth year – 16,150 euros (193,800 euros per year) and in the 5th year five – 16,560 euros (198 720 EUR per year).

Thus, the total rent of this office center for five years will be 946,140 euros.

The tenant is a very well-known Russian online gaming company with offices in Russia and Limassol, employing over 250 employees.

The price of this property is 2,800,000 euros, which represents only 6.4% of the total annual rental yield.

This commercial property is owned by the SPV, so the buyer will not incur additional VAT costs when purchasing the property or when transferring it to another owner, due to the transaction for acquiring it through the shares of the company. The project is scheduled to be completed by July 2023.

The new business center is under construction in old part of Limassol (Cyprus) and is offered for sale at very good price. This commercial property has title deeds in order to transfer the ownership to the new owner upon purchasing.

Feel free to contact us directly (telephone Mr. Douglas) for other project details and specifications. Upon request we can also supply you with planning and building permissions, etc.

TITLE DEEDS AVAILABLE FOR THIS PROPERTY

Address

  • City Limassol
  • Area Limassol

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