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Office for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
Office for sale in Nicosia Municipality, Nicosia 2514 Nicosia Municipality
750000 €750,000  ($791,088)
Office
Nicosia Municipality, Nicosia

€750,000  ($791,088)

REMAX Cyprus

REMAX Cyprus

Reg. No: 758 / License No: 410/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $27,688

Average Bank Rate (€750,000)
1 USD = 0.9160 EUR
$818,776

Mid-market rate (€750,000)
1 USD = 0.9481 EUR
$791,088

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: 1594857 (480051058_116)
  • Air Conditioning, Furnished, Parking

Description

RE/MAX is pleased to present this premium commercial office space in the heart of Nicosia, ideally situated on the sixth floor of a high-rise building in close proximity to Nicosia’s bustling city center. This prime location is surrounded by numerous businesses, organizations, and government offices, offering excellent access to Limassol Avenue for convenient highway connections and swift access to all areas of the city. With an abundance of nearby cafes, restaurants, retail stores, and essential amenities, this location ensures a vibrant and convenient work environment.

The office boasts a total covered area of 224 sqm and includes two restrooms, a kitchenette, a spacious reception area, and a walk-in wardrobe. Premium fixtures and fittings enhance the space, including double-glazed windows, high-end glass partitions, modern light fittings, and ducted A/C split units. Comprehensive fire detection, alarm systems, a security alarm, and an intercom system provide safety and security throughout. Additionally, the property holds exclusive rights to four covered parking spaces.

Currently, the office is leased to a long-term tenant since 2005, generating a steady rental income of €3,800 per month under an annually renewable agreement set for renewal in July 2025. With a rental yield of 6.1%, this property presents an excellent investment opportunity in a prime business location.

Call us to arrange a viewing.

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.

Stamp Duties
If buying as an individual
€1,408 ($1,485)
If buying on joint names
€1,408 ($1,485)
Transfer fees
If buying as an individual
€26,600 ($28,057)
If buying on joint names
€23,200 ($24,471)

Disclaimer - Property reference 1594857. 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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