Rby coworking | 83 glastonos street, limassol centre

RBY Coworking | 83 Glastonos Street, Limassol Centre

Asking Price: €1,475,000 (entire property)

━━ Split-sale considered – see below ━━

⭐ DIRECT SALE – NO AGENTS, NO COMMISSION ⭐

This property is offered exclusively by the owner.

All enquiries are handled directly – no middlemen involved.

Buyers save on agency fees and deal straight with the decision-maker.

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PROPERTY OVERVIEW

Total area: 408 sqm

Floors: 2 independent levels (Ground Floor + First Floor)

Units: 8 fully fitted offices

Location: 83 Glastonos Street – Limassol City Centre

Business status: Fully operational

A rare investment opportunity in the heart of Limassol. This sale includes the freehold commercial property together with the fully operational RBY Coworking business – brand, client base, and all infrastructure included. The new owner benefits from immediate, day-one rental income and a proven business model ready to scale.

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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 Glastonos 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.

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INVESTMENT HIGHLIGHTS

► Max. base rental income: up to €11,900 / month (€142,800 / year)

► Gross yield (base): ~9.7% per annum

► Yield with added services: over 12.7% per annum (see below)

► Price per sqm: ~€3,615 / sqm

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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.

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ADDITIONAL REVENUE STREAMS (yield upside)

Beyond core office rentals, the property generates income from

scalable ancillary services that require no additional floor space:

1. Virtual Business Address – €300 per client / year

Prestigious company registration & correspondence address.

Zero overhead – the same address can be sold to dozens of

clients simultaneously, with near-zero marginal cost.

Highly sought-after in Limassol's corporate & financial sector.

2. Dedicated Desk – Coworking Membership – €270 per member / month

Flexible hot-desk and dedicated workstation memberships for

freelancers, remote professionals, and startups.

Utilises shared common areas at near-zero marginal cost.

Each additional member adds €3,240/year to gross income.

3. Conference Room Rental – hourly rate

High-standard meeting room available to tenants and

external clients on an hourly basis.

ILLUSTRATIVE YIELD UPSIDE:

Full office occupancy + 10 virtual address clients

+ 5 dedicated desk members = ~€15,650/month total revenue

→ Gross yield exceeds 12.7% per annum on asking price.

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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, address and brand

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.

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PROPERTY FEATURES

✔ Total area: 408 sqm across 2 independent floors

✔ 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

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WHAT IS INCLUDED IN THE SALE

• Freehold commercial property – 408 sqm

• Fully operational RBY Coworking business

• Brand, goodwill & existing client base

• All furniture, fixtures and fittings

• Dedicated server room & IT infrastructure

• Virtual business address client contracts

• Coworking membership agreements

• Conference room setup & equipment

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IDEAL FOR

Corporate investors | Family offices | Real estate funds

High-net-worth individuals | Business acquirers

Owner-occupiers seeking prestige address + income

Two separate buyers – each floor independently

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CONTACT – OWNER DIRECT

Mark

Phone / WhatsApp: +49 1575 318 7364

No agents. No commission. Contact the owner directly.

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.