Properties | Commercial
FOR Sale
ID: 52775
€9.000.000
Limassol,
Agios Ioannis
Default,
Commercial

Commercial (Building) in Agios Ioannis, Limassol for Sale

Commercial (Building) in Agios Ioannis, Limassol for Sale

Floor Division and Planning (by sq.m.):

Main (Offices) – 1417
Balconies – 350
Basement Floor –
Lobby Floor – 100
Machinery Floor – 250
Garden Floor – 310
Rooftop with Garden – 280
Approximately 30 Parking Space

Rental potential: 2 possible models:
First model – rental price: 35 euros per meter.
meters for rent We have a total of 1417 square meters of offices + 350 square meters of balconies + 100 square meters of lobby + 300 square meters of garden (5th floor) + 200 square meters of roof.
meters for rent – main area – 1417 meters + 50% of the area of balconies and gardens (not including parking).
350+100+300+200= 950(/2) = total meters considered for rent 1892 meters
1892X35= 66,220 per month
Annual = 794,640 euros
8.8% gross return (before taxes and before management)
Second model – rental price: 40 euros per meter.
350+100+300+200= 950(/2) = total meters considered for rent 1892 meters
1892X40=75,680 per month
Annual = 908,160 euros
10% gross return (before taxes and before managementBuilding sold as whole, all permisions are ready, construction started.Very close to Marina

Additional Details

Covered area: 2077 m2
Parking spaces: 30
Uncovered area: 630
Floors: 8
Completion year: 2027
Price: €9.000.000

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