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Modern Commercial Building Good Return on Investment

  • €4,500,000
Limassol, Polemidia, Subarea of Limassol,

Overview

Property ID: F2540
  • Building
  • Property Type
  • 1530

Details

Updated on December 1, 2021 at 9:53 pm
  • Property ID: F2540
  • Price: €4,500,000
  • Property Size: 1530 m²
  • Property Type: Building
  • Property Status: For Sale, Resale

Description

PLOT SIZE 525M2

TOTAL BUILDING AREA 1530M2

OFFICE EXTERNAL WALLS:

Wall from lobby/ foyer: Brick wall plastered and painted. Italian Marble at designated areas.

Dividing walls between in individual offices: W112 KNAUF METAL STUD PARTITIONS: Security wall, Certified Fire proofed for 1 hour, Sound insulated. According to Authorities regulations.

INTERNAL WALLS:

Kitchen, kitchen corridor, veranda: brick walls, plastered and painted

Lavatories: Brick walls with Ceramic tiles from floor to ceiling at wet areas.

FLOORING:

Lobby/ Foyer: Italian marble

Offices: Raised access floors, Antistatic HPL, dimensions 600X600X40mm. (Structural core 38mm high density chip wood upper covering laminate HPL/ under covering aluminium sheet/ border self extinguishing ABS. Maximum height 25cm. )

Lavatories: Ceramic floor tiles for heavy use

SANITARY WARE:

For the equipment of sanitary rooms porcelain sanitary ware are provided as standard along with sanitary fittings.

KITCHEN:

Carpentry Fully Fitted MDF cupboard

Kitchen: electromechanical provisions for Micro Wave, Dish washer, Fridge, water free standing appliance, double Plugs for other kitchen appliances.

Fire proof kitchen door for ½ hour.

CEILINGS

Lobby, offices, Foyer: Wood ceiling and gypsum plasterboard ceiling at exclusive design, height from finished floor (raised floor) to suspended ceiling is approx 2, 60m.

ELEVATORS

1 elegant high speed elevator

Load bearing capacity: 600kg/ 8 persons serving floors -1 to +4. Elevators are designed for use by disabled persons. Elevator Doors are certified for Fire protection for 120 mins.

HEATING & COOLING

Primary cooling and heating is done independent split unit Air-Conditioners

Water supply is provided by the municipal mains water supply system. Sewerage connection to the

mains sewerage system

CURRENT OCCUPANCY

The current occupancy of the building is 100%, with prestigious tenants, such as multinational and international companies with long term contracts.

SELLING PRICE €4, 500, 000. 00

ANNUAL INCOME €162, 000. 00

ANNUAL YIELD 3. 60%

Address

  • City Limassol
  • Area Polemidia, Subarea of Limassol
  • Country Cyprus

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All information provided herein has been obtained from sources believed reliable, but may be subject to errors, omissions, change of price, prior sale, or withdrawal without notice. Arena Properties Real Estate and its affiliates make no representation, warranty or guaranty as to accuracy of any information contained herein.

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