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Showroom
Strovolos, Nicosia

€790,000  ($910,317)

Mesitis Real Estate

Mesitis Real Estate

REGISTERED & LICENCED REAL ESTATE AGENT Α.Μ. 750, Α.Α. 402/Ε

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $31,861

Average Bank Rate (€790,000)
1 USD = 0.8385 EUR
$942,178

Mid-market rate (€790,000)
1 USD = 0.8678 EUR
$910,317

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 8772512 (60630)

Description

An exceptional investment opportunity in Nicosia’s vibrant commercial center, this prime corner retail unit is ideally situated in Agioi Omologites, offering high visibility and excellent accessibility.

Property Overview:
• Total Built Area: ~251 sq.m.
• Energy Category: C
• The property has acquired a separate title deed.

Layout Details:
Ground Floor:
• Spacious open-plan layout
• Fully equipped kitchen facilities
• Storage room
• Guest restrooms

Mezzanine (Approx. 135 sq.m.):
• Additional open-plan space
• Men’s and women’s restrooms
• Changing rooms
• Staff restrooms with shower
• Second kitchen
• Extra storage space

Outdoor Spaces:
• Covered Area: 28 sq.m.
• Uncovered Area: 120 sq.m.
• Exclusive Use of External Pavement: ~148 sq.m.

Parking:
• Total Covered Spaces: 13
o 6 in the basement
o 7 on the second basement level
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Investment Highlights:
• Current Yield: 5.3% ROI
• Lease Term: Active until November 2030
o Includes 2% annual rental increases
o Optional 5-year renewal included in agreement
• Ownership: Separate title deed available
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This asset offers excellent long-term income potential, thanks to a stable lease agreement and flexible usage options, including retail, dining, or showroom operations. The combination of generous indoor and outdoor spaces makes it especially appealing for businesses seeking high-footfall locations in Nicosia’s core.

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€28,200 ($32,495)
If buying on joint names
€24,800 ($28,577)

Disclaimer - Property reference 8772512. 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.

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