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Pay in USD and save up to $58,037Presenting 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.
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