My Favorite: 0 projects
Russian
Sitemap [email protected] +357 25 355 260
Find Your Home
Find Your Home

P62 - Office building in the central area of Limassol

Property status: Project delivered
Location: Cyprus, Limassol, Central area of Old Town Limassol
Add to Favorites
A beautiful contemporary design for a spacious building with six floors and an iconic rooftop. This property is delivered with a top standard finishing, offering the best use of common spaces and individual offices for a productive and efficient work environment. The project is right in the heart of Limassol town surrounded by retail shops, cafete...

A beautiful contemporary design for a spacious building with six floors and an iconic rooftop. This property is delivered with a top standard finishing, offering the best use of common spaces and individual offices for a productive and efficient work environment.

The project is right in the heart of Limassol town surrounded by retail shops, cafeterias, restaurants, law firms, banks.

Other specifications:

  • Fully-finished offices
  • Raised floors
  • High-Ceiling
  • Advanced technology provisions
  • Impressive exterior
  • Cooling and heating with VRV systems
  • Common facilities include a reception area and roof garden

The property has been leased entirety for 15,000 EUR monthly (or 180,000 EUR 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, hence year two monthly rent is 15,375 EUR (184,500EUR p.a), year three - 15,760EUR (189,120EUR p.a), year four – 16,150 EUR (193,800EUR p.a) and year five – 16,560 EUR (198,720 EUR p.a). Total rent received in the first five years - 946,140 EUR.

The tenant is an online gaming company with offices in Russia and Limassol, employing more than 250 employees. Payments are made every 4 months in advance and the owner holds a two-month deposit guarantee.

The property represents a 6.4% rental yield (on year 1). The property is owned by an SPV, therefore the buyer will NOT bear any VAT nor transfer fees, as the buyer can acquire the shares of the company.

The Project has EPC certificate with "B" Energy Efficiency Rating.

 

Area & Prices

All units sold or reserved.

Sold & Reserved Properties
1 - Commercial building
Beds:
Area: 989 m2
Sold
Map Location
Site Map & Floor Plans
https://api.openweathermap.org/data/2.5/group?id=3169070,146384,2643743&units=metric&lang=en&APPID=83771875e67e5495313d201c453f875f
Weather
28 March 2024
Rome
Light rain showers
16 °C
Limassol
Cloudy
-1 °C
London
Rain
9 °C