For Sale

Commercial building on Pafou street, Limassol

Property: 7037

€4,880,000

Status: Available

Building Area: 4,411m²

Reg.No: 3/36747

Sheet: 54/570504

No of Parking spaces: 40

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Description

The asset is a four-storey building on Pafou and Ploutarxou street, in Apostolos Andreas quarter, Limassol. Also, the asset is located 80m west of Makarios Γ’ Avenue and lies approx. 500m west of the junction of Pafou and Omonoias Avenues. The building consists of one shop with internal area of 500sqm and 95sqm mezzanine and a kindergarden school with internal area of 545sqm and 530sqm mezzanine.

1st Floor:
Internal area 439sqm and 676sqm uncovered verandas

2nd & 3rd Floor:
Internal area 419sqm each floor

4th Floor:
Internal area 419sqm

Basement
Total area 1,045sqm consisting of a storage room, a toilet for the disabled and 40 parking spaces.

The asset is let to tenants including a private school and a known retail brand with long term tenancy agreements in place. It is an ideal investment opportunity offering 6% return.

The immediate area consists of commercial and residential developments. The asset has recently undergone complete renovation and is built with good quality materials.
The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.

Features

Land Registry

District: Limassol
Municipality / Community: Limassol Municipality
Reg.No: 3/36747
Sheet: 54/570504
Block: 3
Parcel: 1150
Zone: Κα4
Title Deed: Yes
VAT: No

Areas

Total Covered Area: 4,411m²

Further Features

Year of Construction: 2004
No of Parking spaces: 40
No.of Floors: 4

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