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Unique Opportunity Commercial Building In Maritime Business Hotspot For Sale

Limassol, Limassol District
Asking Price:
€2,800,000
Sales Revenue:
€1,000,000
Cash Flow:
Not applicable

Strategically located in Limassol’s hotspot for maritime businesses and in close proximity to the New Port and Marina, Rhombus Business Center is the perfect investment for sale or rent. The project’s objective is to meet the increased demand of office space in the area. This elegant and modern commercial building will assist new and expanding businesses to operate with maximum efficiency. Cyprus being the 3rd largest ship-management party in European Union and with continuing growth in maritime businesses guarantees that Rhombus center will attract enormous interest.

The following business options analysis provided here are based on current plans and characteristics (modification of the business center layout is possible and can be discussed with interested buyer). Both options can lead to obtaining of EU passport (Cyprus EU citizenship by investment).

Characteristics:
Location: Limassol- Omonoia area; close proximity to New Port, Marina, shops, up- coming casino, mall and easy access to highway
office space (5 floors * 330m2) = 1650m2
pilotis+reception area = 330m2
Total covered area = 1980m2
Plot area=1494m2
Project duration=18 months
Cost/m2=1414 euro

Investment options
Option1: Buy and resale (resale price/m2=1919; prices in the area 2759euro/m2)
Option 2: Buy and rent out
Option 1: Buy and Resale
Buy: 2,800,000 euro
Quick selling price in the area: 3,800,000euro
Market price: 4,550,000euro
Conservative profit: 1,000,000euro
ROI_ quick selling(within 1 year): 35.7%
*important to note here is that second buyer's ROI choosing to rent is at 7.8%

Option 2: Buy and rent
Buy: 2,800,000euro
Average rent price/m2: 15 euro (lowest market price)
1 year rent: 297,000 euro
ROI_ rent: 10.6%
Pay off: 9.4 yrs

For further information and specifications please contact the seller using the form on this page.

Property information

Real Estate:

Real Property Included

Location:

Central street in busy area, maritime business hotspot, very close to New Port & Limassol marina, near shops, mall, banks, casino, easy access to city center and highway

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