For sale commercial property Limassol DHL Distribution Centre
Commercial property, Ypsonas
5 500 000 €
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- Modern commercial building is located in
the Ipsonas Area of Limassol, close to all amenities, easy access to
Limassol / Paphos motorway, Limassol Commercial Port and Limassol Business
centre. Selected DHL Express Cyprus, the leading global brand in the
logistics industry, for their Head distribution Centre. Located in a major
growth corridor this 4085m2 parcel of land This new state of the art
facility has been costumed designed for the needs of DHL Express Cyprus,
with provisions for future expansion of the facilities should the need
arise for DHL. The building is functionally adapted to the combined
requirements of trans-shipment operations via heavy goods vehicle. The
facility is divided into 2 functional areas – Operational space 715m2 and Office space of
335m2, whereby the offices are directly connected to the operational
space, a visual connection from the offices into the operational space.
- DHL Cyprus have signed a 15 year lease for
the premises, with the option to be renewed automatically for periods of 5
years thereafter. They agreed rental price is secured for 15 years, with
increases every 5 years.
- Fully leased the property represents an
excellent investment opportunity returning an average of 4.15% over the
period of the lease, with a total gross lease income currently is €3,420,000.
- Investment Analysis - selling price €5.5 million
With returning an average yield of 4.15%
Main features
distance to the sea |
4000 m |