Contemporary offices in the heart of Limassol for sale

Description

A beautiful contemporary design to Limassol’s town with another ironic development. This spacious building of 6 floors of around 750sqm and a spacious roofgtop (100sqm) is situated right in the heart of Limassol’s historic center, on one of the main and biggest commercial streets in Limassol with direct access to restaurants, vibrant cafes, retail shops, commercial centres, banks etc. This property will be delivered with a top standard finishing, offering the best use of common spaces and stunning individual offices for a productive and efficient work environment.

The building has been leased in its entirety for 15,000EUR monthly (or 180,000EUR per annum) for a period of 5 years (primary period) and the tenant has the option to renew the tenancy for an additional period of 5 years. Rent increases by 2.5% annually. There is a 6.4% rental yield (on year 1) and the property owned by an SPV can be exempted of VAT and transfer fees, as the buyer can acquire the shares of the company. 

Delivery Date: August 2022