Commercial Building for sale in Agioi Omologitai, Nicosia

Property Overview We are excited to present an exceptional investment opportunity in the heart of Nicosia, ideally positioned near prominent landmarks and essential amenities. This landmark building is situated in a vibrant neighborhood, providing easy access to major government ministries, leading corporations, and the city center. With its strategic location, this property promises significant rental income potential coupled with strong longterm growth prospects. Key Features This remarkable building showcases a total land area of 2,400 square meters and features a substantial internal area of 4,442 square meters. The thoughtfully designed structure includes four stories, a welcoming basement, and ample parking amenities. The basement accommodates 48 parking spaces along with storage rooms and technical facilities, while the ground floor offers an additional 20 parking spaces. The building is equipped with a wellmaintained elevator and doubleglazing for enhanced comfort and energy efficiency. The Energy Efficiency Class is rated C, attesting to its environmentfriendly construction standards established in the year 2000. Common areas have been designed thoughtfully, encompassing 371 square meters of shared space alongside 614 square meters of covered verandas and 596 square meters of uncovered verandas, perfect for relaxation and informal gatherings. Prime Location This buildings enviable location is within walking distance to key local amenities, such as banks, pharmacies, hairdressers, beauty salons, corner shops, bakeries, and parks. Families will appreciate the proximity to educational institutions, including nurseries, primary schools, and secondary schools, all located within a fiveminute drive, ensuring convenience for residents. Additionally, community facilities such as childrens play areas, communal swimming pools, and gymnastics centers enhance the lifestyle offered in this area. Access to the property is provided via a wellmaintained tarmac secondary road, ensuring easy navigation for both tenants and visitors. The stunning town view adds to the allure of this inviting environment, providing a picturesque backdrop for everyday life. Investment Potential This remarkable building has the potential to generate an impressive annual rental income of €242,460 from a diverse array of leased spaces, including several embassies. With careful management, the property can achieve a projected annual rental income of €696,996, which translates into a yield of 6 percent based on the market value, underlining the strong investment potential. Financing Opportunities Investors may benefit from financing options allowing up to a 70 percent LoantoValue ratio with competitive interest rates, presenting an excellent opportunity for maximizing returns and leverage on this exceptional property. Conclusion This property not only represents an outstanding investment opportunity but also embodies a thriving way of life in one of Nicosia’s most soughtafter locations. Its combination of modern features, strategic location, and communitycentric amenities makes it a desirable choice for both investors and tenants alike. We invite you to explore this remarkable property and envision the possibilities it holds for your future. Reach out to schedule your visit today and experience firsthand the lifestyle this building offers.