WOLA - WARSAW

A 5 storey B class office building with an area of 5,249 m² which was purchased by CPD in 2006. It has since been lightly refurbished at a cost of ca. € 500,000 and fully leased to tenants, including VB Leasing, Betacom, Fly Away and G4S to produce a net passing rent of € 680,000 pa.

Adjacent to the main building, a valid building permit has been obtained for a 1250sq.m office building. There is also additional development potential at the rear of the site for a warehouse or storage facility. The property has been retained in CPD’s portfolio.

Purchase Date
February 2006
Purchase Price
€ 4,4 m
Net passing rent
€ 680,000 pa
Planned Development Status
Valid Building Permit for 1 200 sq.m 2nd phase
Valuation December ‘12
€ 6.8 m