LIMESY-CRES-6093 COMMERCIAL BUILDING OFF MOTORWAY IN MESA YITONIA, LIMASSOL

COMMERCIAL BUILDING OFF MOTORWAY IN MESA YITONIA, LIMASSOL

The property is very close to the motorway and therefore highly visible to thousands of people daily.

Plot size 961 square meters

Building:

-    Basement 188 square meters
-    Ground floor 240 square meters
-    1st floor 240 square meters
-    2nd floor 120 square meters

There are long term tenants as follows:

-    Basement: private company 800 Euros/month
-    Ground Floor and 1st floor: Government offices 1,700 Euros/month
-    2nd floor: Private company 700 Euros/month
-    Roof: Advertising signs 600 Euros per month

TOTAL INCOME FROM RENTALS 3,800 Euros/month or 45,600 Euros/year

Completion year: 2012

Price: €875,000 for the whole building - SOLD

Return on Investment: 5.211%

The potential is a lot higher because the rental agreements started during the most difficult economic conditions in 2012/13