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Commercial Building for sale in Limassol Municipality, Limassol

Limassol Municipality, Limassol, Cyprus
Commercial Building for sale in Limassol Municipality, Limassol 4091 Limassol Municipality
3500000 €3,500,000  ($3,785,720)
Commercial Building
Limassol Municipality, Limassol

€3,500,000  ($3,785,720)

Arazo Real Estate

Arazo Real Estate

Reg.No: 851 / Licensed No: 434/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $132,500

Average Bank Rate (€3,500,000)
1 USD = 0.8933 EUR
$3,918,220

Mid-market rate (€3,500,000)
1 USD = 0.9245 EUR
$3,785,720

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1170623 (8036)

Description

Introducing following project, a concept that blurs the lines between working and living. Project is a blend of co-working, micro-apartments and communal areas all in one building. You can work, sleep and play, all under one roof. Developer's team has repurposed an existing old warehouse in the heart of the old town of Limassol, into an iconic open-plan office space topped with 5 one-bedroom duplex apartments on the 2nd and 3rd floor. A common roof garden with sea and city views is created for residents to enjoy. Development is located 50m west of Anexartissias street very near the Technical University of Cyprus as well as Limassol Promenade and the Marina. The property is ideal for business professionals or companies who want to combine living and working under one roof.

The buidling comes with an existing lease by a AAA multinational company for six (6) years.
LEASE:
Six (6) year lease.
Year 1: EUR 18,000 per month (EUR 216,000 annual rental income)
Year 2: EUR 19,000 per month (EUR 228,000 annual rental income)
*The lease is subject to annual rent increases
*More information can be provided on the lease on request.

Buying expenses

Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.

Stamp Duties
If buying as an individual
€6,908 ($7,471)
If buying on joint names
€6,908 ($7,471)
Transfer fees
If buying as an individual
€136,600 ($147,751)
If buying on joint names
€133,200 ($144,074)

Disclaimer - Property reference 1170623. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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