€3,000,000 $3,289,041
You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.
Pay in USD and save up to $115,116Key features
- Listing ID: 1675285 (altia2500)
- Plot: 736 sqm
Description
Property consists of a modern Commercial-Office 3 storey building, erected within a corner plot with frontage on Makedonias avenue, Mesa Geitonia, Limassol. This primely located building enjoys high visibility, excellent exposure and easy access to the major transport routes. .
ALTIA recommends that prospective buyers conduct their own technical due diligence to ensure a comprehensive assessment of the property.
The building is suitable for:
(a) income-producing rental property. Since the Ground Floor + Mezzanine + part of the basement is rented to a major local bank. While the remaining 1st & 2nd floors remain vacant and available.
(b) business headquarters for the 1st and 2nd floor while enjoying the rental income from a blue chip tenant from the GF.
Key Features:
- 3 Storey Commercial-Office Building partly vacant and partly rented to a blue chip tenant.
-Ground Floor about(310 sq.m): currently operates as a bank branch, being open plan office spaces, kitchen, sanitary facilities. On the external there is approved parking area for 6 vehicles.
-Mezzanine about(148 sq.m): part of the bank branch, being a secondary use area for the GF.
-First Floor about(260 sq.m): separated into 3 offices, each one with a kitchen and sanitary facilities. All 3 offices are of similar size and about 80+ sq.m each.
-Second Floor about(255 sq.m): separated into 3 offices, each one of which with a kitchen and sanitary facilities. All 3 offices are of similar size and about 80+ sq.m each.
-Basement about(310 sq.m): 10 parking spaces, EAC meters room, about 73 sq.m being the utility basement of the branch.
-Total Parking Spaces: 16 ( basement: 10 & GF: 6)
-Additional Potential: Unutilized building density of about 90 sq.m for expansion or enhancements.
-Property enjoys a Certificate of Final Approval.
Total Enclosed Area is about:
Primary use: 940 sq.m
Secondary use: 48 sq.m
Basement : 310 sq.m ( parking spaces & GF Bank basement area)
The asset is located approximately 1.2km from A1 motorway, approximately 2.5km from Limassol city centre, the beach and B1 motorway.
The property falls within Zone Εβ4, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.
GPS COORDINATES: 34.698192 33.041822
Buying expenses
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.
Disclaimer - Property reference 1675285. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.