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Executive 740sq.m. office space situated in a strategic location in Agios Dimitrios, Strovolos, Nicosia.
Property Highlights:
• Total Internal Area: 740sq.m.
• Covered Veranda: 1sq.m.
• Uncovered Veranda: 96sq.m.
• Floor: First floor of a commercial building
• Parking: Six dedicated parking spaces (Nos. 2,3,5,6,7,8)
Financial Performance:
• Rental Yield: 4%
• Lease Terms: Current lease agreement until 26/03/2028, with an option to renew for an additional two years (Rental Yield: 6%) until 26/03/2030 at a fixed, pre-agreed rate. For any subsequent renewals after 26/03/2030, the rent will increase by 7%.
Internal Layout:
The workspace features a professional reception area, a conference room, multiple private offices, a fully equipped kitchenette, toilet, and both covered and uncovered verandas.
Location:
• Direct frontage onto Athalassas Avenue
• Approximately 30m northwest of the Acropolis Fire Station
• Approximately 100m northwest of the EOA premises
There is a separate title deed for this property.
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 8936597. 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.
