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Pay in USD and save up to $58,119Location
• The property is ideally situated in one of the capital’s most central and commercial streets.
• The location offers excellent visibility, accessibility, and immediate proximity to numerous amenities and services.
Asset Characteristics
This five-storey mixed-use building with mezzanine and basement comprises:
• Ground Floor:
o One retail shop (30 sq.m.) with 30 sq.m. mezzanine
o One retail shop (120 sq.m.) with 120 sq.m. mezzanine
• 1st–3rd Floors:
o Each floor approx. 190 sq.m., divided into two offices of 95 sq.m. each
• 4th Floor:
o Two-bedroom penthouse (106 sq.m. internal area & 84 sq.m. uncovered verandas)
• Basement:
o Approx. 340 sq.m., including parking spaces and storage areas
The property falls within Planning Zone Eβ3 (160% density, 50% coverage, 6 floors, 24m height).
Advantages & Special Features
• Prime central commercial location
• Mixed-use asset (retail, offices & residential)
• On-site parking and storage facilities
• Current rental income: €61,568 (4.1% yield)
• Potential rental income upon full tenancy: €92,168 (6.2% yield)
• Immediate upside from vacant offices and penthouse
A strong income-producing asset with further growth potential in one of Nicosia’s most established commercial areas.
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 8317151. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.
