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Seafront office on the first line in Neapolis

Limassol, CyprusID-CY40388Updated October 13

  • 1Bathrooms
  • 153 m²Area
  • Commercial propertyType
  • ✓ First line, 100 m to the sea
  • ✓ Sea view
  • ✓ 18 m² glass terrace
  • ✓ 5.5% guaranteed lease for 3 years
  • ✓ 2 parking spaces
  • ✓ Furniture and equipment
  • ✓ About 10 workstations
  • ✓ Title deed issued

About this property

A ready-to-use office on two levels in Neapolis, the eastern part of central Limassol. The facade faces the sea and the city promenade, about 100 metres from the water. 94 m² on the ground level and a 59 m² mezzanine, 153 m² in total. The upper level has an 18 m² glass terrace with a sea view. The office is fitted out and ready to work in: furniture for about 10 workstations, a reception, executive offices, a staff kitchen, a bathroom with shower, a storeroom, Daikin air conditioning, an Avaya phone system and security. Two private parking spaces plus the complex car park. Ownership is registered and the title deed is issued. The seller offers a three-year guaranteed lease at 5.5% a year: €60,500 a year, about €5,042 a month, before costs and taxes. The office remains yours. We check the documents, areas and lease agreement before any deposit.

Property code
ID-CY40388
Property price
€1,100,000
Price per m²
€7,190
Area
153 m²
Bathrooms
1
Floors
2
Status
Ready for a deal
Location
Cyprus, Limassol
Address
Disclosed at the deal stage

What it will really cost

The price of the property€1,100,000
The taxes and state fees on the transactionthe main part of the cost€39,600 - €66,000
The notary, the registration, the translations€9,900 - €16,500
The legal check and the legal work€16,500 - €27,500
Estimated total€1,166,000 - €1,210,000

An estimate by the market range. We count the exact sum for this property before the deposit.

How the price compares

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Calculated on this property price

Rental yield

Long-term rental market in the country: 4.5-6.5% a year before costs.

Net yield4%
Gross yield5%
Rent per year€55,200
Payback≈ 25 years

An estimate, not a promise of income. Tax on rental income depends on your country of tax residence and is not included. We give the rent for this property after the checks, marking what is fact and what is forecast.

Agreements and materials

Location

Limassol, Cyprus

The map shows the area. The exact address is given at the deal stage.

Sea and leisure

Promenade and beach
about 100 m
Municipal Garden
500 m
Old Port and Castle
2.2 km
Limassol Marina
2.5 km

Business

Trilogy complex
200 m
Courts
700 m
New Port
4.7 km

Education and healthcare

Cyprus University of Technology
1.7 km
The Grammar School
3 km
Mediterranean Hospital
3.7 km

Everyday

Supermarket, cafes, restaurants
1 min walk
Sports centre
1 km
My Mall
6.8 km
First line
The office stands opposite the promenade, the main walking route of the city. New commercial space by the sea hardly ever comes up, so offices like this stay in demand with both tenants and buyers.
Visibility
A glass facade on a busy street suits companies that receive clients: lawyers, consultants, finance firms and agencies.
Business city
Limassol is the business centre of Cyprus and one of the main shipping hubs of the Mediterranean, home to international companies in shipping, finance and technology.

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