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"Prime Top Floor Office Space in Limassol's Thriving Business Hub: Exceptional Investment Opportunity in Mesa Geitonia!" (3689)
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.
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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