Property for sale
Limassol, Limassol, Cyprus
£8,033,336 *
[€9,350,000]
Full Description
Business Centre Investment Opportunity with Established Tenant Located in Saint Nicholas, Limassol
Limassol is Cyprus' leading business and commercial centre, home to a large international business community, professional services firms and a growing technology sector, supporting steady demand for quality office space.
Status - Completed, Tenanted
Lease - 3 years + 2-year extension option (12 months elapsed from commencement)
VAT - Unspecified
Property Features:
Property Type - Business Centre
Total Covered Area - 1,440 m²
Net Usable Area - 1,040 m²
Parking - 8 open spaces, with an optional 12 dedicated spaces in front of the building
Investment Features:
Current monthly rental income of €50,000, with the lease running 3 years plus a 2-year extension option.
Rent stepped up by 5% for years 4 to 5 and by a further 5% from year 6 onwards (projected).
Developer-paid maintenance for 5 years.
3-year rent guarantee, subject to purchase of the complete package comprising the Business Centre, Medical Centre and Apartment Building.
The existing tenant is a high-tech company that has invested substantially in the building's technology infrastructure.
Given the substantial existing infrastructure and a structured rental growth arrangement, the property offers investors an opportunity to secure a solid income-generating commercial asset in Limassol.
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