Whole commercial building on one of the best commercial roads of Limassol

Archived / EUR 5.500.000
357 70007700
or  

1010m2 covered areas
Property ID:
VL15353
Office Code:
6CHNI
Type:
Whole Building
42
1
336
Area:
Kapsalos
District:
Limassol
Completion Date:
2014
Covered Internal Area:
1.010 m2
Balconies:
75 m2
Plot Size:
579 m2
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DESCRIPTION

This luxury commercial building is build on one of the best commercial roads of Limassol with direct access to all main areas of the city and to the highway.

The building consists of five floors including a basement parking and storage room area, ground floor office with mezzanine area and another four floors of offices on top. The current owner has bought extra building density from listed buildings when he constructed the building so he has legally build more covered internal areas than usual. A separate title deed has been issued for each office-floor and each office has also registered its parking places and storage rooms on the  title deed!

All areas are build with height quality materials, have raised floors and false ceilings, there is communal concierge-reception area at ground floor entrance and has security cameras.

The whole building is registered on a company and the company has no other properties or activities so any potential purchaser can buy the company and not pay transfer fees.

Rental income received is  225,000 per year so it gives 4.1% return on  investment.

MAIN PROPERTY FEATURES
For Investment  
Garage / Designated Parking  
Resale  
COMMUNAL FEATURES
Controlled Access  
MAP
This whole building in Kapsalos, Limassol is being offered archived at EUR 5.500.000.