Details

The property is a five-story mixed-use building with a basement. It is strategically located on one of Limassol’s most commercial roads, Omonoia Avenue.
The property offers great proximity to the main commercial Avenues, the Limassol city center, the Port of Limassol, and the highway, as well as to various other amenities, making its location a desirable one for property rental. Additionally, thanks to a number of other projects in the area (the Limassol Marina, infrastructure projects, the opening of the ‘City of Dreams Mediterranean’ casino resort, and the Limassol Greens Gold Resort), this makes the area even more popular.

The building consists of:

• A basement which is used as an open space parking area with a total area of 850sqm.
• A ground floor shop with a covered area of 230sqm and a covered parking area of 198sqm.
• A mezzanine with an area of 119 sqm. Access to the mezzanine is achieved via an internal staircase from the ground floor shop area.
• The 1st floor consists of four studio apartments. Each apartment consists of an open space living area/bedroom with a kitchen and a bathroom. The studios have a total covered area of 155 sqm, 3 sqm of covered verandas, and 31 sqm of uncovered verandas.
• The 2nd floor consists of two office spaces, a 1-bedroom apartment, and a 3-bedroom apartment. The floor is used as a unified office space with a covered area of 350sqm, 6sqm covered and verandas 53sqm uncovered verandas.
• The 3rd floor consists of three office spaces with a covered area of 322 sqm, 2 sqm covered verandas, and 34 sqm uncovered verandas.
• The 4th floor consists of seven studio apartments leased separately. It has a covered area of 275 sqm and 38 sqm of uncovered verandas.

The whole building is leased and offers an attractive yield.

5 floors

Covered Area
1,332 m2

Total area
1,462 m2

Land area
1,150 m2

Covered verandas
11 m2

Uncovered verandas
156 m2

Mezzanine area
119 m2

Basement area
850 m2

EPC
Energy Class E

Year of construction
1994

Town planning zone
Commercial

Building density
140 %

Coverage ratio
50 %

Max floors
4

Max height
17 m

No VAT