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For Sale

€4,500,000

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Property ID :

 REI-10359

Bathrooms
15
Area
2578 sqm

Description

The building is located conveniently in the area of Potamos Germasogia surrounded to the south by the amazing beachfront of Limassol and to the north and west by the central areas of Limassol.

The building originally was built in the beginning of the 1970s on a plot of 1.624 m2 boasting a total frontage area of approximately 65 meters. Works were ongoing on the asset up to 2012 in order to renovate and convert it to its current state. Nearby developments include the new “Icon” and “i100” towers.

The building is approx. 60 meters north of Georgiou A’ Avenue which is the main road of the Tourist area in Limassol and about 1 kilometer northwest from Germasogia roundabout and the highway of Limassol – Nicosia –Paphos which offers easy and quick access to and from the city center of Limassol.

Description of the building

The asset is a cold shell five-storey commercial building with a basement and a total covered area of 2.578 m2. The subject building was used as a hotel and it has been recently externally renovated in order to become office space. (planning has been acquired however can be converted to either residential and/or hotel)

The area of each floor is:

Basement: 513 m²

Ground Floor: Ground Floor: 413 m², Mezzanine: 413 m²

Floors (1st to 3rd): Total Enclosed Area: 1,239 m² (3×413 m²)

Roof Garden: 150 m²

The building consists of a basement, a ground floor with mezzanine, 3 floors of empty, open-plan spaces and a roof garden.

The basement will consist of an open-plan office space and gym.

The ground floor will consist of reception/lobby and open-plan office spaces and the mezzanine will consist of open-plan offices.

The first to third floor will consist of open-plan office space, offices with partitions and a server room.

All the floors are served by a kitchen and toilets. The building will be also be served by an elevator, internal staircase, a total of 50 parking spaces and during the renovation the building has been made earthquake resistant.

The property falls in Touristic Zone Τ1β1α with maximum building density of 80%.

Still looking for your next Commercia in Limassol. Find Commercial in Limassol now!

Agent REInvest

Office : 77787771

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