Limassol, Mesa Gitonia, Cyprus
- PROPERTY TYPE
Office
- SIZE
1,894 sq ft
176 sq m
Key features
- Energy efficient doors/windows
- Thermal insulation
- Easy access to main roads
- Easy access to highway
- High ceilings
- Private bathrooms
- Business facilities
- Meeting room
- Kitchenette
- Main road
Description
Sale Price: €1,350,000 (no vat)
Net Lettable Area: 176 sqm
Title Deed: Available
Floor Plate: 156 sqm internal + 20 sqm veranda
Interest for Sale: 100% Freehold
Car Parking: 2 Bays
Tenant Lease Term: 10+10 years
Tenant Lease Commence: February 2020
Net Passing Income: €63,600 per annum
Market Yield: 4.9%
Investment Highlights:
Exceptional Tenant: 10-year lease to an exceptional tenant with unmatched income security.
Frontage Dominance: Architectural design maximizes frontage area, ensuring high visibility on Spyrou Kyprianou Avenue.
Prime Location: Crossroads of Spyrou Kyprianou and Agios Zonis, a rapidly growing center for offices and retail showrooms.
Top Floor Location: Uninterrupted sea views to the South and mountain views to the North, offering a spacious and pleasant ambiance.
Secured Parking: Two easy access parking bays in the basement with automatic security garage doors.
High-Tech Interior: High-quality materials, designer details, and advanced technology, including VRV system, server rooms, and high-speed networking.
Value-Add Potential: Limassol's real estate market shows significant growth potential, making it an excellent investment opportunity.
Centrally Located: Large open-plan floor plate for flexible office working environments.
Tenant Information:
Contract Start: February 2020
Contract End: February 2030 (10-year lease with 10-year renewal option)
Current Rent: €5,300 per month (plus VAT)
Rent Increase: 6% every 4 years; 7 years left on the lease
Additional Features:
Raised floor porcelain ceramics imported from Italy
VRV system, fresh air, and electronic control panels (Daikin)
Upgraded electrical systems and private covered outdoor balcony
High-quality glazing for sound and energy efficiency
Security features include external monitoring, video entry access system, and thermal sensors.
Limassol, Mesa Gitonia, Cyprus
NEAREST AIRPORTS
Distances are straight line measurements- Pafos(International)31.4 miles
- Larnaka(International)35.8 miles
- Ercan(Local)40.3 miles
Advice on buying Cypriot property
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Notes
This is a property advertisement provided and maintained by Lextrus Real Estate, Larnaca (reference 3689) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.