Grosvenor Tower

5428

Property ID

4171 m2

Size

Description

Grosvenor Tower is a newly modern commercial building with high specifications and technology standards.
It is located in one of the most commercial areas of Limassol, at the crossing of Griva Digeni and Kolonakiou avenue with easy access to the beach front avenue, to town center and highway network.
The immediate surrounding areas are highly commercialized with shops, offices, banks of local & foreign companies and showrooms of large commercial and automobile organizations. Also is being constantly enhanced with new commercial developments thus creating capital appreciation for the properties in the area.

 

Land Area 1144 Sq.M
 Ground floor shop and mezzanine total area 545 Sq.M
 5 levels of open-plan office space total area 2.218 Sq.M
 Ground parking and 2 basement levels for parking area, total area 1.409 Sq. M with a total of 38 parking spaces

 

Lobby area with reception
 High-spec gearless 8-person lift with timber paneling
 Provision for Main door colour videophone system
 Provision for Electronic access management system for main building entrance and offices’
main entrance door
 Provision for Remote controlled access system to basement tenant parking, with 6 spaces for
each office
 Provision for smoke detectors and fire alarm system to common areas, offices and shop
 Low-emissivity double glazing within thermal insulated aluminum casings
 Instant water heater for hot water supply
 Burglar alarm provisions to each office and shop plus CCTV to shop
 Option at extra cost for installation of a sound system for the shop
 PVC raised floor to main office areas and tiles to other areas
 Tap-on points for Cat 6 structured cabling to dedicated IT room
 Exposed grid false ceiling with acoustic tiles
 Provision for VRV cooling / heating system
 Provisions (conduits only) for installation of satellite TV and local channels antennae on the
roof
 Internal partitions and burglar alarm system to purchaser’s specifications as an option at
extra cost

 

• Selling price: €12,000,000 including VAT
• Ground floor shop is rented for €96,000 per year and 1st floor for €84,000 per year.
• 2nd & 3rd floors are rented for €168,000 per year and 4th & 5th floors are rented for €222,000per year. All floors are based on a 3 years + 3 years rental agreement.
• The rent will be increased 6% every 3 years.
• Annual income: €570,000
• An investor for the whole building may buy the shares of the owner company thus not paying
VAT and transfer fees

Address

Address: Georgiou Griva Digeni, Limassol, Cyprus
  • City / Town: Limassol
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  • Property ID 5428
  • Price €12,000,000
  • Property Type Buildings
  • Property status For Sale
  • Size 4171 m2

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