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
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: firstname.lastname@example.org | +357 70 000669