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Commercial Building Limassol

3 March, 2013
  • 374 m²
  • 1+ Garage
  • Unfurnish
  • Mortgage
Commercial
€4862

DESCRIPTION OF BUILDING

The above mentioned property is a three floor listed building which comprises of (4) four shops on the ground floor and what use to be a small hotel on the two floors above. The building is over 100 years old (1904) and has been renovated to its original design with every bit of detail. The building will be ready for delivery in September 2012.

 

LOCATION:

The property is located in the Agia Napa Quarter of Limassol Town and particularly at Agiou Andreou and Zik Zak Street. (Opposite The Noodle House) The building is known as the “Hellas Hotel.”

In General the Building Has the Following Characteristics:

-Stone built.

-The flooring is mainly from old traditional Cyprus tiles and wood.

-Courtyard at the rear side of the plot with a traditional water fountain and nicely designed garden.

-The building is qualified as an old listed building under the Listed Building Law (2002).

-Some of the modern fixtures installed in the building are: VRV Air-conditioning provisions, Pressurized Water System, Telephone and Internet Provisions, External Lighting all round the building, camera provisions, double glazing windows etc.

RENTAL COST

Bellow you will find an analytical calculation of the monthly rental price. If any extra additions are needed to be made to the building in order to implement your needs, we will be able to discuss and come to an agreement.

The four shops that are on the ground floor of the building have tenants from the past, which may consider giving up the good will of the space. The rest of the building is free hold and can be rented as soon as the renovation is completed.

 

Ground floor – 4 Shops

Total area 242 m2

Shop 1 area 80 m2 @ €20 per m2 = €1600(RENTED)

Shop 2 area 60 m2 @ €20 per m2 = €1200(AVAILABLE-COMPENSATION)

Shop 3 area 60 m2 @ €20 per m2 = €1200(RENTED)

Shop 4 area 42 m2 @ €20 per m2 = €840  (RENTED)

 

1st floor & 2nd floor

Total area 320 m2 (covered) + 54 m2 (roof garden covered) =374 m2 @ €13 per m2 = €4862.

Included are 250 m2 (uncovered) terrace area on the top floor (roof garden).

 

Courtyard at Rear of Building

Total area 320m2 (uncovered) @ €11 per m2 = €3520

Covered area 95m2.


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