For Sale €5,150,000
The building is in a young age built with good quality materials with columns and masonry of reinforced concrete, brick and flat roof. Both the store and the office spaces on the floors have ceramic floor and internal wood doors. They have external doors and glass windows in an aluminum frame. They have split unit air conditioners in all areas. The ground floor communal areas, the entrances to the floors and part of the staircase have a granite floor. The building is served by a stairwell and a lift. The ground floor of the building is externally lined with limestone stone. It is in a very good condition and maintenance.
The immediate area of the property has been substantially upgraded in recent years since the start of the TEPAK works in September 2005 and the restoration and reconstruction of old buildings that are being used and will be used in the near future to accommodate more and more students.
This property is centrally located in the heart of the commercial center of Limassol, very close to Agiou Andreou Street and the Library of TEPAK, as well as the Municipal Market.
The property belongs to the Pa6 development zone with a maximum building factor of 1.80: 1, covering 0.70: 1 on 3 floors and permitted uses related to core zones such as shops, offices, restaurants, etc. It has all the necessary services, namely water supply, electricity and telephone.
Today the whole building is rented to 2 tenants in to a government Department that rents the ground floor shop with the mezzanine and AAA tenant that rents the other floors.
The total rent of the building amounts to € 130,000 per year.
- Covered Area: 1160 m2
- ROI: 3.5 %