Linopetra Business Center: 2 whole floors offices

€6,400,000 +VAT


The offices are in Agios Athanasios Avenue, in the east part of Limassol – financial center of Cyprus, with excellent access to the highway, the city center, and the seafront, as well as a short distance to all services.

Whole 1st and 2nd floor offices with partitions, basement parking, storerooms, large uncovered verandas, and a large lobby on the ground floor. The offices provide access control, VRV air-conditioning, lift, raised floors, and false ceilings.

Total Office Area: 1,273 sq. m

1st Floor: 809 sq. m

2nd Floor: 464 sq. m

Covered Parking: 18 parking

Uncovered Verandas: 345 sq. m

Title Deeds

Rental Income Yield: 6% (according to existing tenancy agreements)

Guaranteed Return: 3 years

Tenants: large international companies

When buying two floors together, it is possible to buy a ready-made business: a Cypriot company (will be audited for all years, including 2019) + real estate registered to the company with titles + tenants with rental income. In this case, the investor saves money on the transfer of ownership and on the opening of a new Cypriot company.

The price for both office floors is €6,400,000.

1st Floor Office – Price: €4,000,000

2nd Floor Office – Price: €2,400,000

Property transfer tax in the name of the new buyer: €252,600 (no need to pay when buying two floors as a ready-made business). Currently, transfer fees have been reduced by 50% due to new legislation. Stamp duty – €12,708. Registration of a sales contract in the Land Registry – €50.

For more info: | +357 70 000669

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