Commercial-Office Building, Makedonias Av., Mesa Geitonia, Limassol (10666)

PRICE : €3.000.000

Property consists of a modern Commercial-Office 3 storey building, erected within a corner plot with frontage on Makedonias avenue, Mesa Geitonia, Limassol. This primely located building enjoys high visibility, excellent exposure and easy access to the major transport routes. .

The building is suitable for:
(a) income-producing rental property. Since the Ground Floor + Mezzanine + part of the basement is rented to a major local bank. While the remaining 1st & 2nd floors remain vacant and available.
(b) business headquarters for the 1st and 2nd floor while enjoying the rental income from a blue chip tenant from the GF.

Key Features:
- 3 Storey Commercial-Office Building partly vacant and partly rented to a blue chip tenant.
-Ground Floor about(310 sq.m): currently operates as a bank branch, being open plan office spaces, kitchen, sanitary facilities. On the external there is approved parking area for 6 vehicles.
-Mezzanine about(148 sq.m): part of the bank branch, being a secondary use area for the GF.
-First Floor about(260 sq.m): separated into 3 offices, each one with a kitchen and sanitary facilities. All 3 offices are of similar size and about 80+ sq.m each.
-Second Floor about(255 sq.m): separated into 3 offices, each one of which with a kitchen and sanitary facilities. All 3 offices are of similar size and about 80+ sq.m each.
-Basement about(310 sq.m): 10 parking spaces, EAC meters room, about 73 sq.m being the utility basement of the branch.
-Total Parking Spaces: 16 ( basement: 10 & GF: 6)
-Additional Potential: Unutilized building density of about 90 sq.m for expansion or enhancements.
-Property enjoys a Certificate of Final Approval.

Total Enclosed Area is about:
Primary use: 940 sq.m
Secondary use: 48 sq.m
Basement : 310 sq.m ( parking spaces & GF Bank basement area)

The asset is located approximately 1.2km from A1 motorway, approximately 2.5km from Limassol city centre, the beach and B1 motorway.

The property falls within Zone Εβ4, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.