Office in Limassol

The Head Office of a company in Limassol's sea front is now available for sale.



The building has a total internal area of 1,072m². With current market rental rates in the area at €30.00/m², the estimated annual rental value is €385,920. In comparison, the proposed sale price of €4,700,000 (€4,384/m²) yields a rental return of 8.2% before taxes.



Please note that a seller is in a position to carry out tailored modifications to the property to meet your specific operational requirements. These modifications can be executed at construction cost plus a 15% construction fee.



Property Overview:



The property is located at a seafront position, in a development that comprises residential apartments, the Hotel, and a variety of established commercial premises. This semi-detached commercial building offers direct pedestrian access from the seafront promenade and enjoys a strategic location just a short drive from the city centre. It is also adjacent to public municipal parking and features gated entry into the complex.

Available - 4 months from the date of transaction completion

Property Type -Semi-Detached, 2-Storey Commercial Office Building

Total Internal Area -1,072 m²

Kitchenettes 2 (Total 29.19 m²)

Strong Rooms 2 (Total 12.03 m²)

Storage Rooms 2 (Total 27.57 m²)

Restrooms -On all three levels

Title Deeds -2 Separate Title Deeds

VAT - Exempt Transaction

On-site Parking -15

Transferable Municipal Parking Permits

3 Parking Permits (Public Parking Adjacent)

Fully Renovated in 2022

Common Area Expenses -Approximately €600 per month