Whole commercial building on one of the best commercial roads of Limassol
Archived / EUR 5.500.000
357 70007700
or
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.