4 Bed Commercial for sale
Limassol, Limassol, Cyprus
£3,961,898 *
[€4,700,000]
Full Description
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
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