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Presenting a versatile six-floor commercial building located in the thriving business district of Egkomi, Nicosia. This property offers a mix of office spaces across multiple floors, currently generating solid rental income with excellent potential for growth.
Building Overview:
• Basement, Ground Floor & 1st Floor: Merged commercial units, fully rented
o Total area: 627sq.m.
• 2nd Floor: Two offices, both rented
o Total area: 209sq.m.
• 3rd Floor: One office, rented
o Total area: 209sq.m.
• 4th Floor: Two offices, 1 rented and 1 vacant
o Total area: 209sq.m.
• 5th Floor: Two offices, both rented
o Total area: 209sq.m.
Investment Highlights:
• Current Annual Return: 5.45% ROI based on existing leases
• Potential Annual Return: 6.03% ROI if fully leased
Zoning & Construction:
• Zoned under dual zones:
o Eβ3 (96%) – Building coefficient: 160%, coverage: 50%, permitted 6 floors (24m)
o Eβ4 (2%) – Building coefficient: 140%, coverage: 50%, permitted 4 floors (17m)
Additional Information:
• Energy Performance Certificate pending
• Ideal for investors seeking steady rental income and value appreciation in a strategic commercial location.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 1889463. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.
