in Limassol, Limassol

For sale an elite contemporary commercial building in Limassol’s old town with another iconic development. The award-winning architects and designers thoughtfully created a spacious building with five floors and a rooftop. This property is delivered with a top standard finishing, offering the best use of common spaces and stunning individual offices for a productive and efficient work environment. It is located in the centre of Limassol, an address that’s desirable by anyone. It is right in the heart of Limassol town surrounded by retail shops, cafeterias, restaurants, law firms, banks etc The building has been leased in its entirety for 15,000EUR monthly (or 180,000EUR per annum) for a period of 5 years (primary period) and the tenant has the option to renew the tenancy for an additional period of 5 years. Rent increases by 2.5% annually, hence year two monthly rent is 15,375EUR (184,500EUR p.a), year three - 15,760EUR (189,120EUR p.a), year four – 16,150EUR (193,800EUR p.a) and year five – 16,560EUR (198,720EUR p.a). Total rent received in the first five years 946,140EUR.