Nicosia, Nicosia, Nicosia Center, Cyprus
- PROPERTY TYPE
Commercial Property
- SIZE
22,927 sq ft
2,130 sq m
Key features
- Energy efficient doors/windows
- Heart of city center
- Easy access to main roads
- Easy access to highway
- Spacious rooms
- Municipal water/sewage
- Entrance gate
- Internal stairs
- Corner
- Ceramic tiles
Description
Exeptional five-storey commercial building for sale situated in the bustling heart of Agios Antonios, Nicosia. The property stands prominently in a central location, surrounded by thriving businesses, retail outlets, essential amenities. It consists of a showroom/retail unit with mezzanine on the ground floor and 4 upper floors which consist of offices. The building's flexible layout makes it suitable for a wide range of commercial tenants.
The building is designed to facilitate a variety of commercial uses, offering flexible space solutions that can accommodate retail shops, offices, or service centers. The ground floor and the mezzanine, are currently available for rent, present an excellent opportunity to increase the property's yield significantly.
Investment Highlights:
It is noted that it offers a strong yield potential: The property is currently providing a 5.1% yield, with the potential to increase to 6.9% upon renting out the ground floor.
Parking Facilities: Dedicated parking space in Basement -1 enhances the property's appeal to tenants.
This property represents a solid investment with its prime location, current rental income, and significant potential for increased returns. Don't miss out on this opportunity to invest in a prominent commercial building.
It falls within Zone Ka3, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.
Features:
• Total Floors: 5 (4 + Ground Floor with mezzanine)
• Basements: 2
Basement -1: Designated parking space, ensuring convenient and secure parking for tenants and visitors.
• Basement -2: Currently rented as a stockroom, providing additional rental income.
• Current Occupancy: Partially rented
• Current Yield: 5.1%
• Potential Yield: 6.9% (with the rental of the ground floor)
Nicosia, Nicosia, Nicosia Center, Cyprus
NEAREST AIRPORTS
Distances are straight line measurements- Ercan(Local)7.0 miles
- Larnaka(International)24.8 miles
- Pafos(International)59.1 miles
Advice on buying Cypriot property
Learn everything you need to know to successfully find and buy a property in Cyprus.
About the agent
K. Kalogirou Real Estate Ltd, Larnaca
ERMOU 196 SHOP 5 LARNACA CYPRUS 6022
Our Company
Kalogirou Real Estate is a family business, specialised in commercial real estate services. At Kalogirou Real Estate we provide full range of real estate services, including real estate agency services, individual management services, real estate valuations services, as well as legal services and immigration services.
Our firm offering one the largest selection of new and resale properties across Cyprus. Representing more than 200 developers and construction companies
Notes
This is a property advertisement provided and maintained by K. Kalogirou Real Estate Ltd, Larnaca (reference 46192) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.