Commercial Building for Sale in the Heart of Limassol
Commercial Building for Sale in the Heart of Limassol
Details
Commercial Building for Sale in the Heart of Limassol – No VAT
2 Independent and Consecutive Buildings, currently being used as Offices, and Academia but can also be used as a retail store. The building was fully renovated on 2016, and it has covered useable area of 3,570 (m²). It is located in a central location and its for use-ready. It has been rented in and out separately and has a total capacity of about €460,000 Annual Rental Return (5.8% R.O.I)
DESCRIPTION:
| Commercial Independent and Consecutive Buildings for Sale in the Heart of Limassol |
| Description |
Building ‘A’ (m²) |
Building ‘B’ (m²) |
Total Area (m²) |
Price €/(m²) |
Monthly Rental Income |
Annual Rental Income |
| Basement |
340 |
320 |
660 |
€ 6.00 |
€ 3,960 |
€ 47,520 |
| Ground Floor |
340 |
534 |
874 |
€ 12.00 |
€ 10,488 |
€ 125,856 |
| GF-Separate Bldg. |
91 |
0 |
91 |
€ 7.00 |
€ 637 |
€ 7,644 |
| 1st Floor |
340 |
391 |
731 |
€ 12.00 |
€ 8,772 |
€ 105,264 |
| 2nd Floor |
340 |
391 |
731 |
€ 12.00 |
€ 8,772 |
€ 105,264 |
| 3rd Floor |
350 |
94 |
444 |
€ 12.00 |
€ 5,508 |
€ 66,096 |
| Roof |
15 |
0 |
15 |
€ 0 |
| SUM: |
1816 |
1730 |
3,546 |
|
€ 38,137 |
€ 457,644 |
INVESTMENT SUMMARY:
| DETAILS |
Year1 |
Year2 |
Year3 |
Year4 |
Year5 |
Year6 |
| Selling/Purchase Price: |
€ 7,900,000 |
€ 0 |
€ 0 |
€ 0 |
€ 0 |
€ 0 |
| Useable Area for Rental: |
3546 m² |
3546 |
3546 |
3546 |
3546 |
3546 |
| AVG, Rental Price/(m²) |
€ 10.75 |
€ 11.13 |
€ 11.52 |
€ 11.92 |
€ 12.34 |
€ 12.77 |
| Expected Annual Income |
€ 457,644 |
€ 473,662 |
€ 490,240 |
€ 507,398 |
€ 525,157 |
€ 543,538 |
| Return on Investment |
5.8% |
6.0% |
6.21% |
6.42% |
6.65% |
6.88% |
| Annual Growth on Rents |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
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ID:
6809
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Published:
22/11/2020
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Last Update:
05/04/2021
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Views:
194
