Property for Sale: Commercial (Shop) in City Center, Limassol | Key Realtor Cyprus

Property for Sale: Commercial (Shop) in City Center, Limassol  | Key Realtor Cyprus
For Sale €875,000 - Shop
23455 0 Year Built

This impressive business tower combines superior architectural design and state-of-the-art technology. Designed with innovative facilities, provides unique spaces with contemporary glass facades. These sound-insulating surfaces of glass give the impression that you are located far from the hustle and bustle of Limassol, while being right in the middle of it. 

The building offers over 472 sq metres of retail space on the ground floor, and more than 1,720 sq metres of contemporary office space over 4 floors.

The centre includes a multifunctional communal club on the roof-top terrace of 330m2 Shop 1 includes 3 parking spaces, 2 on the ground and 1 in the basement.

 

  • Situated in a highly prominent position on the main avenue, one of the most high profile locations in Limassol
  • Comprises approximately 198m2 of retail / office space over ground floor and Mezzanine
  • Single let to a reliable tenant with the tenancy expiring in May 2021 at a current rent of €25,000 per annum which reflects approximately a monthly rate of €10.38 per m2, providing scope for future rental growth
  • The current passing rent appears to be low compared to the open market. Based on independent market research, there is an opportunity in 2021 the current rent to be increased to a monthly rate of €20 per sqm, which would provide an overall passing rent of €47,760 per annum
  • Developed by one of Cyprus’s most progressive and reputable group of companies 
  • There will be no VAT applicable on sale

Additional Details

  • Covered Area: 198 m2
  • Toilets: 1
  • Parking Spaces: 3

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