Sale
42711
Limassol
Building Offices/Flats
€ 2,800,000
- Lemesos (center)
- Columbia
- Seaside Road (Limassol)
Features
- Residential (Apartments)
- Parking (Covered)
- Price/m2 €
€2
- Levels 6
- Title Deed
- Year Built 2022
- Garden
- Roof Gn.
- Cov/d: 871 m2
- Veranda 220 m2
- Plot: 216 m2
- €/m2: € 12,963 m2
- Conference Room
- Double glazing
- Gated Parking
- Internet Connection
- Marble floors
- Modern architecture
- Open Area - No Panels
- Reception Area
- Roof Garden
- Shutters
- Store room
- Strctured Cabling
- Study room
- Elevator
- Appliances
- WalkSea
- SeaView
Plot (Zone)
- Zone
- Road Type:
Description:
Building with title deed, return 6.4% roi, with built area of 871 sqrm, within a plot of area 216 sqrm, in the area of Limassol within Limassol (Lemesos) district.
Main features include: Elevator, garden, store room,study room,double glazing,gated parking,internet connection,roof garden,marble floors,modern architecture,shutters,conference room,reception area,strctured cabling,open area - no panels. Central Heating: a/c hot/cold. The Energy Efficiency Class of the building is A.
Τhe plot area is 216 square meters.
Walking distance from: bank, pharmacy, hair dresser, beauty salon, corner shop, bakery, park, sea/beach. 5 minutes from: nursery, primary school, secondary school, university, supermarket, childrens play area, communal swimming pool, gymnastics center, Church, beach. View of: sea, town. It is within close proximity to: Columbia and Seaside Road (Limassol). The type of road leading to the property is tarmac secondary road.The investment is € 3,215 per covered square meter. The property has no VAT tax. This Building has title deed ready.
An excellent investment opportunity with an annual return of 6.4% ROI!To sum it up; the building features 871sq.m. of covered area (725sqm NIA and 150sqm covered verandas) plus c. 70 sq.m. of rooftop space. The building has been leased in its entirety for 15,000EUR monthly (or 180,000EUR per annum) for a period of 5 years (primary period) and the tenant has the option to renew the tenancy for an additional period of 5 years. Rent increases by 2.5% annually, hence year two monthly rent is 15,375EUR (184,500EUR p.a), year three - 15,760EUR (189,120EUR p.a), year four – 16,150EUR (193,800EUR p.a) and year five – 16,560EUR (198,720EUR p.a). Total rent received in the first five years 946,140EUR. The tenant is a very well-known Russian online gaming company with offices in Russia and Limassol, employing in excess of 250 employees. Payments are made every 4 months in advance and the owner holds a two-month deposit guarantee. The tenant has already paid 2 months of deposits (30,000EUR) and has prepaid 4 months of rent (72,000eur including VAT). The asking price for the property is 2,800,000EUR which represents a 6.4% rental yield (on year 1). The property is owned by an SPV, therefore the buyer will NOT bear any VAT or transfer fees, as the buyer can acquire the shares of the company. The project is to be delivered by 30th of April 2022
Office 203, 8 Acropoleos Ave, Strovolos, 2006 Nicosia, Cyprus
Registered and Licensed Real Estate Office RN1022 LN505/E
Tel: +357 2245 2040 / www.21finder.com
21 Property Finder Ltd 2024Ⓒ
Registered and Licensed Real Estate Office RN1022 LN505/E
Tel: +357 2245 2040 / www.21finder.com
21 Property Finder Ltd 2024Ⓒ