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This commercial building is ideally located in the highly sought-after area of Agioi Omologites, within Nicosia’s main business center, offering an excellent opportunity for investors seeking a stable and high-demand asset.
The property consists of underground parking, a ground floor unit currently operating as a hair salon, and five upper floors. Two of the floors are rented to a well-established accounting office, two floors are leased to an IT company, while one floor is currently vacant, providing immediate potential for additional rental income or owner occupation.
The mix of professional tenants highlights the building’s strong appeal to corporate and business users, ensuring long-term rental demand. Its central location, easy accessibility, and professional surroundings make it an ideal choice for companies looking to establish or expand their presence in Nicosia.
This is a pure investment sale with an existing annual rental income of €87,000, offering attractive returns and future upside through the leasing of the vacant floor that can bring up the annual rent to €110,000, offering a yield of around 6% at current asking price!
A solid, income-generating asset in one of Nicosia’s most prominent commercial districts, suitable for investors looking for stability, growth potential, and long-term value.
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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.
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