A building with the potential to expand with additional floors

*** A building with the potential to expand with additional floors *** Asking Price: €1,475,000 (entire property) ━━ Split-sale considered – see below ━━ This property is offered exclusively by the owner. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ PROPERTY OVERVIEW Total area: 408 sqm Floors: 2 independent levels (Ground Floor + First Floor) Units: 8 fully fitted offices Location: 83 Gladstonos Street – Limassol City Centre Condition: Fully furnished and equipped, ready for immediate occupancy or rental A rare investment opportunity in the heart of Limassol. This sale includes the freehold commercial property, fully furnished and equipped – including CCTV surveillance and electronic access doors – ready to generate rental income from day one. The property has a proven operating history as fully functioning, income-generating office space, so the rental model is tried and tested. The new owner benefits from a turnkey asset with complete infrastructure in place; optionally, a takeover of the ongoing office-rental operation can be discussed by agreement. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ TWO-FLOOR STRUCTURE – FLEXIBLE PURCHASE OPTIONS The property comprises two fully independent and self-contained levels, each with its own reception area, facilities, and direct access: GROUND FLOOR – Retail & High-Visibility Offices ► 4 commercial units (G1–G4) ► Ideal for retail, showroom, or professional offices ► High street-level exposure on Gladstonos Street ► Includes private garden space FIRST FLOOR – Professional Office Suite ► 4 premium office units (F1–F4) ► Executive offices, terraces and high-end finishes ► Separate reception and full facilities PURCHASE OPTIONS: Option A – Entire property: €1,475,000 (preferred) Option B – Ground floor only: price on request Option C – First floor only: price on request Both floors are suitable for independent ownership and operation. Serious enquiries for individual floors are welcome. Contact us directly for floor-by-floor pricing and full details. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ INVESTMENT HIGHLIGHTS ► Max. base rental income: up to €11,800 / month (€141,600 / year) ► Gross yield (base): ~9.6% per annum ► Yield with added services: over 10.9% per annum (see below) ► Price per sqm: ~€3,615 / sqm ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ AVAILABLE UNITS & RENTAL INCOME GROUND FLOOR (Retail / High Visibility) G1 – €1,700/month | Ideal for shop or showroom G2 – €1,200/month | Office with private garden G3 – €1,500/month | Flexible office space G4 – €1,500/month | Private office FIRST FLOOR (Professional Offices) F1 – €1,700/month | Executive office with private terrace F2 – €1,200/month | Functional workspace F3 – €1,500/month | Comfortable office F4 – €1,500/month | Office with private terrace Units can be rented individually or combined. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ADDITIONAL REVENUE POTENTIAL (yield upside) Beyond core office rentals, the property's layout and infrastructure allow the new owner to introduce scalable ancillary services that require no additional floor space: Virtual Business Address – approx. €300 per client / year Prestigious company registration & correspondence address. Zero overhead – the same address can be offered to dozens of clients simultaneously, with near-zero marginal cost. Highly sought-after in Limassol's corporate & financial sector. Dedicated Desk / Flexible Workspace – approx. €275 per member / month Hot-desk and dedicated workstation offerings for freelancers, remote professionals, and startups. Utilises shared common areas at near-zero marginal cost. Each additional member could add €3,240/year to gross income. Conference Room Rental – hourly rate High-standard meeting room can be offered to tenants and external clients on an hourly basis. ILLUSTRATIVE YIELD UPSIDE: Full office occupancy + 10 virtual address clients 5 dedicated desk members = ~€13,400/month total revenue → Gross yield exceeds 10.9% per annum on asking price, before any conference room income. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DEVELOPMENT POTENTIAL – 3 ADDITIONAL FLOORS The property holds full planning potential to add up to 3 further floors above the existing building. This represents a significant opportunity for investors to: ► Substantially increase total leasable area ► Develop additional offices, serviced suites or residential units ► Multiply rental income and long-term asset value ► Leverage the existing infrastructure and prime address This development upside is unique for a property of this type in Limassol city centre and makes it an exceptional platform for long-term capital growth alongside immediate income. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ PROPERTY FEATURES ✔ Total area: 408 sqm across 2 independent floors ✔ Fully furnished throughout – ready to work from day one ✔ CCTV surveillance system covering the premises ✔ Electronic access doors with controlled entry ✔ Each floor self-contained with own reception area ✔ 2 fully equipped kitchens ✔ 3 modern bathrooms ✔ Dedicated server room & IT infrastructure ✔ Terraces, private garden & outdoor spaces ✔ High-standard conference room ✔ Prime central Limassol location ✔ Surrounded by banks, cafés & professional firms ✔ Planning potential for 3 additional floors ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ WHAT IS INCLUDED IN THE SALE Freehold commercial property – 408 sqm All furniture, fixtures and fittings – fully furnished CCTV surveillance system Electronic access door system Dedicated server room & IT infrastructure Conference room setup & equipment ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ IDEAL FOR Corporate investors | Family offices | Real estate funds High-net-worth individuals Owner-occupiers seeking prestige address + income Two separate buyers – each floor independently ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CONTACT – OWNER DIRECT Mark Phone / WhatsApp Private viewings available upon request. Full financial records, tenancy details and legal documentation provided to qualified buyers under NDA. Individual floor pricing available on request