For Sale: Investment (Building) in City Center, Limassol | Key Realtor Cyprus

For Sale: Investment (Building) in City Center, Limassol  | Key Realtor Cyprus
For Sale €3,500,000 €3,700,000  
16813 6 Year Built

The building is located in the City centre area of Limassol.

It has great visibility and accessibility as is located on a corner plot, in one of the prime avenues of Limassol.

Moreover it has easy access to the highway and also is walking distance to all amenities (Food, Banks, Shops, Cafes etc).

Description:

  • Basement:  365m2 (Used as 12 Parking places)
  • Ground Floor + Mezzanine:  290m2 (Used as a Shop)  +  81m2 (Used as 4 Covered Parking places)  +  4 uncovered Parking places
  • 1st + 2nd + 3rd Floor: Total: 785m2  -> 262m2 Each Floor (Used as offices)

            Total Covered area: 1155m2 +365m2 (Basement)

BUILDING FACILITIES:

  • Alarm system for each floor .
  • Security cameras for the whole bulding.
  • Video camera at entrance area.
  • A/C – VRV system for each floor.
  • Smoke detectors alarm for the whole building.
  • Race floor.
  • Partitions
  • Electrical and telephone connections.
  • False ceiling.

 

-> The Building is fully rented with Long Term Contract to Solid Companies and to the Cyprus Government. 

-> Most companies in this building have been renting these offices for 10 years and still rent.

 

-> Yearly Income:  €149.000 

-> Return On Investment:  4,3%

Additional Details

  • Plot Area: 588 m2
  • Covered Area: 1075 m2
  • ROI: 4.3 %
  • Completion Year: 2010

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