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Introducing following project, a concept that blurs the lines between working and living. Project is a blend of co-working, micro-apartments and communal areas all in one building. You can work, sleep and play, all under one roof. Developer's team has repurposed an existing old warehouse in the heart of the old town of Limassol, into an iconic open-plan office space topped with 5 one-bedroom duplex apartments on the 2nd and 3rd floor. A common roof garden with sea and city views is created for residents to enjoy. Development is located 50m west of Anexartissias street very near the Technical University of Cyprus as well as Limassol Promenade and the Marina. The property is ideal for business professionals or companies who want to combine living and working under one roof.
The buidling comes with an existing lease by a AAA multinational company for six (6) years.
LEASE:
Six (6) year lease.
Year 1: EUR 18,000 per month (EUR 216,000 annual rental income)
Year 2: EUR 19,000 per month (EUR 228,000 annual rental income)
*The lease is subject to annual rent increases
*More information can be provided on the lease on request.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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