€2,600,000 $2,750,275
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Pay in USD and save up to $96,260Key features
- Listing ID: 1438117 (altia2264)
- Total covered area: 2130 sqm
- Plot: 672 sqm
Description
This exceptional five-story commercial building is situated in the bustling heart of Agios Antonios, Nicosia, offering a unique investment opportunity. The property stands prominently in a central location, surrounded by thriving businesses, retail outlets, essential amenities and consist a showroom/retail unit with mezzanine on the ground floor and 4 upper floors which consist of offices.
Key Features:
• Total Floors: 5 (4 + Ground Floor with mezzanine)
• Basements: 2
o Basement -1: Designated parking space, ensuring convenient and secure parking for tenants and visitors.
o Basement -2: Currently rented as a stockroom, providing additional rental income.
• Current Occupancy: Partially rented
• Current Yield: 5.1%
• Potential Yield: 6.9% (with the rental of the ground floor)
The building is designed to facilitate a variety of commercial uses, offering flexible space solutions that can accommodate retail shops, offices, or service centers. The ground floor and the mezzanine, are currently available for rent, presents an excellent opportunity to increase the property's yield significantly.
Investment Highlights:
• Prime Location: Situated in the central commercial district of Agios Antonios, with high foot traffic and easy access to public transport.
• Strong Yield Potential: The property is currently providing a 5.1% yield, with the potential to increase to 6.9% upon renting out the ground floor.
• Versatile Space: The building's flexible layout makes it suitable for a wide range of commercial tenants.
• Parking Facilities: Dedicated parking space in Basement -1 enhances the property's appeal to tenants.
This property represents a solid investment with its prime location, current rental income, and significant potential for increased returns. Don't miss out on this opportunity to invest in a prominent commercial building in the vibrant district of Agios Antonios, Nicosia.
The property falls within Zone Κα3, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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