ID: 54699

Commercial Building

€595,000
For Sale
Renovated
Resale
Nicosia's City Center, Nicosia

Overview

  • 2
  • Top floor
  • 1
  • No
  • 1
  • 1885
  • 2017
  • Pending
  • Yes
  • Unfurnished
  • 4
  • Aluminium
  • 295m2

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.

Facilities

  • Aircondition, Split system
  • Parking, Covered
  • Solar water heater

Features

  • Alarm system, Provision
  • Business facilities
  • Computer
  • Connected to electric mains
  • Earthquake-resistant structure
  • Easy access to highway
  • Easy access to main roads
  • Excellent condition
  • Heart of city center
  • Kitchenette

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