Investment Property in Limassol

Business Centre Investment Opportunity with Established Tenant Located in Saint Nicholas, Limassol

Limassol is Cyprus' leading business and commercial centre, home to a large international business community, professional services firms and a growing technology sector, supporting steady demand for quality office space.

Status - Completed, Tenanted

Lease - 3 years + 2-year extension option (12 months elapsed from commencement)

Price is subject to VAT. Standard VAT in Cyprus is 19%.

Property Features:

Property Type - Business Centre

Total Covered Area - 1,440 m²

Net Usable Area - 1,040 m²

Parking - 8 open spaces, with an optional 12 dedicated spaces in front of the building

Investment Features:

Current monthly rental income of €50,000, with the lease running 3 years plus a 2-year extension option.

Rent stepped up by 5% for years 4 to 5 and by a further 5% from year 6 onwards (projected).

Developer-paid maintenance for 5 years.

3-year rent guarantee, subject to purchase of the complete package comprising the Business Centre, Medical Centre and Apartment Building.

The existing tenant is a high-tech company that has invested substantially in the building's technology infrastructure.

Given the substantial existing infrastructure and a structured rental growth arrangement, the property offers investors an opportunity to secure a solid income-generating commercial asset in Limassol.