#8763
For Sale, Commercial Building, City Center, Limassol.
10,100,000€
#8763
For Sale, Commercial Building, City Center, Limassol.
10,100,000€
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5
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5
Resale 1993
Investment Opportunity
UNIQUE INVESTMENT OPPORTUNITY - INCOME PRODUCING ASSETA commercial building, primely located on the corner of Arch.Makarios Avenue and Ioannou Polemi street, in Apostoloi Petrou & Pavlou parish of Limassol Municipality. The immediate area is characterized by high-rise buildings, with shops on the ground floor and offices/apartments on the upper floors. The property is partially rented to a major local banking institution, covering part of the basement, whole ground floor and mezzanine.
The building has 7 levels, constituted of a basement, a ground floor with a mezzanine and five floors.
-The ground floor and mezzanine consist of a reception area, offices, kitchen, storage room, ATMs and toilets. Ground Floor enclosed area is approx at 685 sq.m and Mezzanine at about 299 sq.m. TENANTED BY A MAJOR LOCAL BANKING INSTITUTION.
-The first to third floors have similar lay out and consist of open plan office spaces, kitchen, server rooms, storage rooms, toilets and other auxiliary spaces. All three floors have an enclosed area of approx. 376 sq.m each. The first floor only, benefits of about 124 sq.m uncovered veranda. VACANT
-The fourth floor has a similar layout with the first three but is much larger with an enclosed area of approx. 541 sq.m. VACANT
-The fifth floor consists of reception area, conference rooms, file room, toilets and offices and has an enclosed area of approx. 301 sq.m. It benefits of uncovered and covered verandas of about 70 sq.m and 86 sq.m respectively. VACANT
-The basement consists of 18 parking spaces for the whole building and a strong room of about 183 sq.m utilized by the retail bank operating ton the ground floor. There are additional 3 parking spaces on the ground floor level.
The asset is located approximately 500m from B8 motorway and approximately 2.5km from Limassol Marina.
The property falls within a duel Zone Κα4 (52%), with a building coefficient of 120%, coverage of 50%, and permission for 3 floors (13.5m) of construction and Zone Εβ2 (48%) , with a building coefficient of 180%, coverage of 50%, and permission for 6 floors (24m) of construction.
Energy Category: C
GPS Coordinates: 34.686120 33.033625
Property Info
8763
10,100,000€
Limassol
Details
Building Type:
Office Building
Construction Stage:
Resale
Covered Parking:
20
No. of Floors in building:
5
Construction Year:
1993
Construction Type:
Concrete
Areas
Uncovered Area:
497m²
Frontage (m):
72m
Plot Area:
1,552m²
Total Area:
2,794m²
Main Features
Air Condition:
Reception:
Resale:
Building Permit:
Mortgage Calculator
Amount Financed:
Mortgage Payments:
Annual cost of Loan:
Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.
