To sum it up; the building features 871sq.m. of covered area (725sqm NIA and 150sqm covered verandas) plus c. 70 sq.m. of rooftop space.

The building has been leased in its entirety for 15,000EUR monthly (or 180,000EUR per annum) for a period of 5 years (primary period) and the tenant has the option to renew the tenancy for an additional period of 5 years. Rent increases by 2.5% annually, hence year two monthly rent is 15,375EUR (184,500EUR p.a), year three - 15,760EUR (189,120EUR p.a), year four – 16,150EUR (193,800EUR p.a) and year five – 16,560EUR (198,720EUR p.a). Total rent received in the first five years 946,140EUR.

The tenant is a very well-known Russian online gaming company with offices in Russia and Limassol, employing in excess of 250 employees.

The price for the property is 3,600000 millionEUR which represents a5% rental yield (on year 1). The property is owned by an SPV, therefore the buyer will NOT bear any VAT or transfer fees, as the buyer can acquire the shares of the company.

The project is to be delivered by 30th of June 2022.

 Shell & Core Offices

Fully-finished offices

Raised floors

High-Ceiling

Advanced technology provisions

Impressive exterior

Cooling and heating with VRV systems

Common facilities include a reception area and roof garden