750m² Building for Sale in Limassol District

To sum it up the building features 871sq.m. of covered area 725sqm NIA and 150sqm covered verandas plus c. 70 sq.m. of rooftop space. The building has been leased in its entirety for 15 000 EUR monthly or 180 000 EUR per annum for a period of 5 years primary period and the tenant has the option to renew the tenancy for an additional period of 5 years. Rent increases by 2.5 annually hence year two monthly rent is 15 375 EUR 184 500 EUR p.a year three 15 760 EUR 189 120 EUR p.a year four 16 150 EUR 193 800 EUR p.a and year five 16 560E UR 198 720 EUR p.a . Total rent received in the first five years 946 140 EUR. The tenant is a very well known Russian online gaming company with offices in Russia and Limassol employing in excess of 250 employees. The price for the property is 3 600000 million EUR which represents a 5 rental yield on year 1 . The property is owned by an SPV therefore the buyer will NOT bear any VAT or transfer fees as the buyer can acquire the shares of the company. The project is to be delivered by 30th of June 2022. Shell Core Offices Fully finished offices Raised floors High Ceiling Advanced technology provisions Impressive exterior Cooling and heating with VRV systems Common facilities include a reception area and roof garden