The Commercial Tower stands as a striking new landmark in the heart of the bustling business district along the picturesque coastline.
This architectural masterpiece redefines corporate environments on the island, seamlessly blending innovative design, structural excellence, and a strong commitment to sustainability. Key Features: 9 floors of premium office space Ground floor retail unit Mezzanine level 43 on-site parking spaces The Tower's significance is further elevated by its prime beachfront location, intended to be a true 'trophy' building.
The estimated project cost, excluding land expenses, is approximately €10.5 million.
The land plot spans 1,054 square meters, with a total built area of 2,732 square meters, and the building, including its crown, stands at a towering 78 meters in height.
The Tower's ingenious design is accentuated by unobstructed panoramic views of the sea and state-of-the-art amenities. It transcends being just an office complex; it's a place where people converge to work, find inspiration, and connect with others. One of its unique features is the Sky Garden on the fifth floor, which adds a touch of greenery and offers a stylish social space. With uninterrupted 360º views of the city, it's designed for a variety of purposes, such as a gym, a relaxation lounge, a reading area, a meeting space, an art gallery, or a library. The Tower offers an exclusive floor-to-floor height of 4.3 meters, ensuring a contemporary and state-of-the-art workspace that inspires creativity and productivity.
For Sale: The Tower is available for off-plan purchase, together with a Local Cyprus PLC Company, resulting in no VAT and no land transfer fees for the buyer.
The sale price is €13 million, while construction costs are estimated at approximately €10-11 million.
The final sale price is projected to be between €34-36 million, potentially yielding a profit of around €12 million.
Off-plan sales can commence as early as the pre-development Y1 stage of construction (land excavation).
Rent Option: For potential investors, the rental option is highly attractive. Based on the current market value per square meter, the annual income is projected to be €2-2.5 million, in addition to a maintenance fee of €110,000.
Additional Benefits if you buying a Company [Business over €200.000 in Cyprus:
Work Permit: Upon acquiring a local business, the investor and their extended family members become eligible for a work permit. This allows them to actively participate in the business's operations, contributing to its success and gaining valuable work experience in Cyprus.
Residency in Cyprus: Investment in a local business not only grants you a work permit but also the right to reside in Cyprus. This means you and your family can call this beautiful Mediterranean island your home, enjoying its rich culture, favorable climate, and quality of life.
Travel Throughout Europe: Cyprus' strategic location as an EU member state provides investors with easy access to the European Union and Schengen Area. You can travel freely and conveniently throughout Europe for business or leisure purposes, making Cyprus an ideal base for international travel.
European Passport Opportunity: Cyprus offers a unique path to European citizenship. After seven years of continuous residency, investors and their family members may become eligible to apply for a Cypriot passport. This European passport opens doors to numerous benefits, including visa-free travel to a vast number of countries, enhanced business opportunities, and access to European healthcare and education systems.
These additional benefits further underscore the attractiveness of investing in a local business in Cyprus, not only as a sound business venture but also as a pathway to broader opportunities for you and your family in Europe. If you wish to explore this exciting prospect further, please reach out.
