The asset is in a premium location which falls within the the parish of Potamos Germasogia in Germasogia Municipality in Limassol. It has been erected in the beginning of the 1970s on a plot of 1.624 m2. Works were ongoing on the asset up to 2012 in order to renovate and convert it to its current state.
The wider area is has seen tremendous development in the past decade and it is characterised by intense tourist and commercial activity mainly by multi-story buildings which accommodate shops on the ground floor and offices/apartments on the floors.
The asset is a cold shell four-storey commercial building with a basement and a total covered area of 2.578 m2. The subject building was used as a hotel and it has been recently externally renovated in order to accommodate office space.
The area of each floor is:
Basement: 513 m²
Ground Floor: Ground Floor: 413 m², Mezzanine: 413 m²
Floors (1st to 3rd): Total Enclosed Area: 1,239 m² (3x413 m²)
Roof Garden: 150 m²
The building consists of a basement, a ground floor with mezzanine, 3 floors of empty, open-plan spaces and a roof garden.
The basement will consist of an open-plan office space and gym.
The ground floor will consist of reception/lobby and open-plan office spaces and the mezzanine will consist of open-plan offices.
The first to third floor will consist of open-plan office space, offices with partitions and a server room.
All the floors are served by a kitchen and toilets. The building will be also be served by an elevator, internal staircase, a total of 50 parking spaces and during the renovation the building has been made earthquake resistant.