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Building
Neapolis, Limassol

€23,000,000  ($26,226,727)

My Space Real Estate

My Space Real Estate

Myspace Real Estate & A.SP.S.Thinkrealty – Reg. No: 396665 | License No: 1047-229/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 $917,935

Average Bank Rate (€23,000,000)
1 USD = 0.8473 EUR
$27,144,662

Mid-market rate (€23,000,000)
1 USD = 0.8770 EUR
$26,226,727

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: 8936141 (244433)

Description

Offices for sale in a contemporary commercial-building complex in the attractive and dynamic Neapolis quarter of Limassol Municipality — next to the city centre's landmark Agios Nikolaos roundabout, in a corridor of modern office blocks and important public buildings. Strong income-producing asset.

The Building
- Premises situated on 6 floors
- Total area: 4,200 sqm
- Resale condition
- Sea views from upper floors
- Underground parking: 65 spaces

Building Systems
- Ventilation systems
- Conditioning system (full air-conditioning)
- Three stages of power-outage protection: UPS, small generator and large generator
- Access-control system
- Video-surveillance system
- Alarm system
- Fire-safety system

Income Profile (per seller)
- Current rent: €126,000 / month
- Based on 4,200 sqm at €30 / sqm
- Annual rent: €1,512,000
- Annual expenses: ~€30,000
- Net annual income: ~€1,482,000
- Indicative net yield: ≈6.44% on €23M

Investment Highlights
- Institutional-grade tenanted office asset in core Limassol business corridor
- Major systems already installed (UPS + generators, CCTV, access control)
- 65 underground parking spaces — premium for the area
- Sea views from upper floors enhance leasing appeal
- Adjacent to Agios Nikolaos roundabout and the Neapolis office cluster

Location
- Neapolis quarter, Limassol Municipality
- Next to the Agios Nikolaos roundabout

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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€916,600 ($1,045,192)
If buying on joint names
€913,200 ($1,041,315)

Disclaimer - Property reference 8936141. 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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