Sb2883 city centre

Limassol district, Limassol — Historical Center
Posted: 28.12.2018 14:02 Ad ID: 1968130
  • Reference number: 62071
  • Type Building
  • Condition Resale

An interesting office building for sale, ideal for investors who seek a high return on their investment. The Grade A four storey energy efficient building of 1265 m2 is located in an avenue with high traffic exposure and due to the location the market value of the building will always be apprising. It was built 2 years ago and it's now rented to very reliable tenants with a return around 6.3%. Due to the future change of the building permit, an extra floor of 325 m2 can be added with a small investment of approximately €300.000 for construction works. After this the return on investment can go up to 7.6% as the extra floor will generate an income of €115.000 annually which i consider very high for Cyprus standards.


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Posting since feb, 2017 Other ads from this seller

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Agent license no.: 249

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Posting since feb, 2017

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