The revenue generated is “tax-free” for income tax purposes.
Rental Agreement (Proposed)
Term: 5 Years + 5 years
Rent per month (euro): 2.500 euro
Yield: 5.0%
Property Location Municipality Nicosia/ Agios Antonios
Description:
A two-story listed building (restoration completed) with offices in Agios Antonios,
The building is dated 1885 and it was constructed with traditional materials like Cypriot stone, a wooden roof with traditional roof tiles, and was retrofitted with a metallic
staircase and an elevator that is accessed from Xanthis Xeneriou St, Internally the
floors are parquet wood in all areas on the 1st floor and ceramic clays on the ground
floor. It has single-glazed wooden windows and wooden shutters.
The asset consists of large open spaces used as office areas, two smaller ones used as a
private office and conference room. There is a kitchenette, two toilets, and storage in the
lower ground floor as well as a disabled toilet on the floor. Externally there is small
the backyard and uncovered parking space.