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Commercial real estate building in Limassol

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Object №38685
City: Limassol
Area: Germasogeia
Living space: 2100 m²
Total area: 2578 m²
Storeys: 4
Windows: Sea and mountains view

Additionally:

Parking: Yes
Conference hall: Yes
Elevator: Yes
Open plan: Yes
Reception: Yes
Restroom: Yes
Payback: 9,2 years
IRR: 12,4%
ROI: 10,8%
Implementation: 8 months
€ 3 900 000
PDF  
info@dom.com.cy
+357 25 212 212

Description:

DOM offers you an investment opportunity to become the owner of an office building in close proximity to a tourist street in Limassol.

For sale a four-storey commercial building in the tourist area of Potamos Germasoy.

The building was built 40 years ago, was used as a hotel, the facade of the building was recently renovated and the internal partitions were dismantled to transfer the building to commercial use.

The area of each floor is: basement: 513 m2, ground floor: 413 m2, floors 1 to 4 have an area of 413 m2 each. The total area on the 4 floors is: 2,065 m2, an open roof terrace: 150 m2 and a basement of 513 m2.

The project provides for the following layout :

  • The ground floor will consist of an open-plan office space and a gym.
  • The first floor will consist of a reception / lobby and open-plan office space, while the second to fourth floors will consist of open-plan office space with an outdoor terrace with sea views from the upper floor.
  • The building will also be served by an elevator, an internal staircase.
  • The project provides for 50 parking spaces.

The approximate budget for the completion of the repair work is 1,150,000 thousand euros.

Our company will prepare a detailed estimate and carry out the entire cycle of turnkey repairs for the new owner.

The expected annual profit from the rental of the building is 650,000 euros per year.

At the moment, due to the relocation of large companies to Cyprus, we are acutely experiencing a shortage of large commercial space - do not miss your opportunity to become the owner of this building with high rental demand.

DOM offers you an investment opportunity to become the owner of an office building in close proximity to a tourist street in Limassol.

For sale a four-storey commercial building in the tourist area of Potamos Germasoy.

The building was built 40 years ago, was used as a hotel, the facade of the building was recently renovated and the internal partitions were dismantled to transfer the building to commercial use.

The area of each floor is: basement: 513 m2, ground floor: 413 m2, floors 1 to 4 have an area of 413 m2 each. The total area on the 4 floors is: 2,065 m2, an open roof terrace: 150 m2 and a basement of 513 m2.

The project provides for the following layout :

  • The ground floor will consist of an open-plan office space and a gym.
  • The first floor will consist of a reception / lobby and open-plan office space, while the second to fourth floors will consist of open-plan office space with an outdoor terrace with sea views from the upper floor.
  • The building will also be served by an elevator, an internal staircase.
  • The project provides for 50 parking spaces.

The approximate budget for the completion of the repair work is 1,150,000 thousand euros.

Our company will prepare a detailed estimate and carry out the entire cycle of turnkey repairs for the new owner.

The expected annual profit from the rental of the building is 650,000 euros per year.

At the moment, due to the relocation of large companies to Cyprus, we are acutely experiencing a shortage of large commercial space - do not miss your opportunity to become the owner of this building with high rental demand.

Read more ...
More info:
Rostislav Bondar
Location:
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Компания «Dom Real Estate» Контакты:
Адрес: Limassol, Cyprus,
Телефон:+357 25 212 212, Электронная почта: info@dom.com.cy
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