Commercial for sale
Neapolis, Limassol, Cyprus
£3,342,805 *
[€4,000,000]
Full Description
Presenting you this impassive showroom which is centrally located within Limassol Municipality, prominently positioned at the Agios Nicolaos roundabout within Maximos Plaza, a renowned business hub in the city. Known for its robust commercial returns, it enjoys proximity to the beachfront and all residential areas of Limassol, making it an attractive investment opportunity.
The ground floor showroom spans 590m², complemented by a 298m² mezzanine showroom and a 386m² basement showroom, totaling 1274m². Approved uses include showroom, restaurant, offices, and other commercial activities. Positioned in the heart of Limassol, it boasts a prime location with 12 parking spaces available.
Currently leased at €155,000 annually (€10/m² per month), with an allowable 8% increase every two years, the next adjustment scheduled for 01.04.2025. The termination clause mandates a 6-month notice before each automatic renewal every two years, also slated for 01.04.2025. Presently offering a 3.8% return on investment (ROI), the potential ROI could reach 7.6% under a conservative estimate of €20/m² per month.
Property Specifications:
- Ground Floor Show Room: 590m2
- Mezzanine Show Room: 298m2
- Basement Show Room: 386m2
- Total area: 1274m2
Price: €4.000.000 (No VAT)
Contact us for further details and to schedule a viewing of this magnificent shop!
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