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Commercial In Limassol, Cyprus (ref. 33329453)
Date & Time Listed: 2018-11-20 02:30:44 (GMT)

Posted in Categories: Real Estate, Commercial for Sale
Posted From: Cyprus, Limassol, Limassol

Ad Details:

Commercial Office Building With Rental Yield Located In Limassol
- Building consists of:-
- Basement 1 parking total covered area 656.75 m²
- Basement 2 parking total covered area 686.87 m²
- Ground parking 27.5 m² and uncovered area 37.64 m²
- Total of 38 parking spaces
- Shop 1 366.4 m² plus Mezzanine 178.56 m² total floor area 544.96 m²
- 1st floor 434.04 m² plus uncovered area 20.78 m² total floor area 454.82 m²
- 2nd floor 434.04 m²
- 3rd floor 430.74 m² uncovered area 3.28 total floor area 434.02 m²
- 4th floor 447.76 m²
- 5th floor 447.76 m²
- Total covered area 3931.41 m²
-Total uncovered area 61.70 m²
- Located in a highly commercialized area
- Ground floor shop is rented for EU;96,000 per year
- 1st floor is rented out for EU;84,000 per year
- 2nd & 3rd floors are rented for EU;168,000 per year
- 4th & 5th floors are rented for EU;222,000 per year
- All floors are based on a 3 years rental agreement.
- The rent will be increased 6% every 3 years
- Annual income: EU;570,000
- Yield: 4.75%
- Suitable for the Cyprus Investment Programme (CIP)
- Cyprus legislation - Title Deeds with Application
- VAT not applicable
Limassol is Cyprus’ cosmopolitan capital, its most important business district and a vibrant modern playground. It is consistently ranked as one of the world’s leading cities for quality of life. Nowhere in Cyprus is there a richer mix of modern culture and fascinating heritage.
The city offers an active, vibrant and varied choice of restaurants, stylish cafes, bars and chic lounges. Limassol is a city on the southern coast of Cyprus. It’s known for the centuries-old Limassol Castle, home to the Cyprus Medieval Museum and its collection of pottery and tombstones. On the seafront is the Prokymea (Molos) Sculpture Park, with sculptures by Cypriot, Greek and international artists.
To the northeast is the Limassol Archaeological Museum, exhibiting artifacts from the Neolithic to the Roman periods.Contrast this with the new marina and vibrant nightlife the city as to offer something for everyone.
was formed in 2002. Licensed Real Estate Agent AM625
British owned with key personnel having over 25 years Financial and Legal experience. The Company was structured to give a complete service.
Our Team are all expats with personal experience of moving, living and working in Cyprus.
Our aim is to ensure your purchase in Cyprus is as stress free as possible, an enjoyable experience with no regrets whether it’s for relocation , retirement, investment or a holiday home.
We Listen…We Search…We Care.
Let us do the work and you enjoy the DREAM...
- Cyprus Property for Sale - Property for Sale in Cyprus
Price: 12,000,000.00 EUR

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Related Links:
* Limassol - Real Estate Classified Ads
* Limassol, Cyprus - Real Estate Classified Ads
* Cyprus - Real Estate Classified Ads
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