Details

This iconic commercial building brings a beautiful contemporary design to Limassol’s old town with direct access to restaurants, vibrant cafes, retail shops, commercial centres, banks etc.
The building has been leased in its entirety for 15,000 Euro monthly for a period of 5 years and the tenant has the option to renew the tenancy for an additional period of 5 years. Rent increases by 2.5% annually. That represents a 6.4% rental yield. The property is owned by an SPV, therefore the buyer will NOT bear any VAT or transfer fees, as the buyer can acquire the shares of the company.