DHL Distribution Centre
Price for sale: € 5 500 000
ID: 1005505 Area: Limassol , Ypsonas
- 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%