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Office building for sale in Linopetra, Limassol, Cyprus, 809 m²

Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 1
Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 2
Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 3
Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 4
Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 5
Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 6
Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 7
Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 8
Office building for sale in Linopetra, Limassol, Cyprus, 809 m² - photo 9
Price€2,400,000
TypeOffice building
Covered area809 m²
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Office in Limassol

Wonderful investment opportunity! The offices are in Agios Athanasios Avenue, in the east part of Limassol, with excellent access to the highway, the city center and the seafront. Agios Athanasios Avenue is considered among the bestcommercial areas of Limassol with 24hour non-congested traffic flow, easy parking space around and shortdistance to public services, banks and restaurants. Whole 2nd floor office with partitions, basement parking, store rooms, large uncovered verandas and large lobby at the ground floor. The office provides also access control, air-conditioning, lift,raised floors and false ceilings. A guaranteed return on investment of 4,54% for 3 years. The tenant is a well-knowninternational company operating in the insurance sector with 3 years contract and option for prolongation.

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
Rental Cost
0%
Company Representatives
in Cyprus
Limassol, Paphos, Larnaka
+3572-503-00-31
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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