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Office building for sale in Old City, Limassol, Cyprus, 211 m²

Office building for sale in Old City, Limassol, Cyprus, 211 m² - photo 1
Office building for sale in Old City, Limassol, Cyprus, 211 m² - photo 2
Office building for sale in Old City, Limassol, Cyprus, 211 m² - photo 3
Office building for sale in Old City, Limassol, Cyprus, 211 m² - photo 4
Office building for sale in Old City, Limassol, Cyprus, 211 m² - photo 5
Price€600,000
TypeOffice building
Covered area211 m²
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Office in Limassol

This excellent investment property is prominently located in the heart of Limassol in one of the most vibrant and attractive areas in the city. The property is situated opposite the north entrance of the ZOO with a walking distance of the House of Courts. The property benefits for its direct access to the main roads that lead to the old City of Limassol and the sea all are in close proximity can be reached in walking distance. The property is within a 15 minute walk from a range of shops, restaurants and other amenities. The property is on the first floor of the building and the area is approx. 211 sq.m. The property can be accessed via the video door release system from either the stairs or the two lifts accessed by the Ground Floor or the parking Area in the Basement. Internally the property has laminate flooring and almost in all areas suspended ceiling with lights. The office may provide a mixture of open plan and individual offices with big windows that lead to the verandas and allow natural light to enter the office making it energy efficient. The office has its own toilet. The property has a private kitchen with prospects to make it bigger or can be used as a store room. The property may also be suitable for other commercial uses subject to the necessary approvals.Property Amenities Features Freehold Office Ideal for all professions. Especially for Solicitors First Floor (approx. 211Sq. M) Two Lifts that serve the property Kitchen and Toilet Alarm System and Access through a video door release system Air conditioning Suspended Ceiling Big windows for natural light that lead to the verandas with views over the gardens on the northern side of the zoo Gated, covered parking spaces

Extra Сosts when Buying Property

TRANSFER TAX*
up to €85 000 3%
€85 000 - €170 000 5%
over €170 000 8%
*If VAT has been paid no transfer tax
*If no VAT has been paid 50% of the transfer tax rate
STAMP DUTY
If the value of the property is less than € 171,000 0,15%
If the value of the property exceeds € 171,000 0,2%
VAT
standard rate 19%
reduced rate 0-5%

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Ongoing Ownership Costs

Municipality Tax, annually 0.02%
Communal Services fees, multi-residential complexes, monthly €40-50
Communal Services fees, private house, monthly €60-200
Sewerage Tax, annually €60-75
Electricity costs, monthly about €50
Water rates, monthly about €50
Telecommunication rates €50-60

Additional Services Costs

Legal support (one time payment) 0.8%-1%

Return on Investment

Property Price
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Company Representatives
in Cyprus
Limassol, Paphos, Larnaka
+3572-503-00-31
in UK
London
+44-20-3936-4067
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Moscow
+7 (495) 240-81-87
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