Limassol, Limassol, Cyprus
- PROPERTY TYPE
Commercial Property
- BEDROOMS
6
- BATHROOMS
6
- SIZE
11,539 sq ft
1,072 sq m
Key features
- Automatic Security Lights
- Community terrace
- Distance to Sea: 1 min
- Double Glazed Windows
- Equipped Kitchen
- Exterior Lights
- Fitted Kitchen
- Floor Levels: 2
- For Discussion
- Kitchen
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
Limassol, Limassol, Cyprus
NEAREST AIRPORTS
Distances are straight line measurements- Pafos(International)32.9 miles
- Larnaka(International)34.7 miles
- Ercan(Local)39.9 miles
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Notes
This is a property advertisement provided and maintained by SLV Estates UK, Limassol (reference KAHOSELL) 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.