Commercial Building for sale in Nicosia Walled Old City, Nicosia

Location
• Prime five-story commercial building in the bustling heart of Agios Antonios, Nicosia.
• Surrounded by thriving businesses, retail outlets, and essential amenities and services.
External Features
• Impressive and attractive exterior design.
• Versatile building layout suitable for various commercial uses including retail shops, offices, and service centers.
• Ground floor and mezzanine available for rent, offering an opportunity to significantly increase the property's yield.
Internal Characteristics
• Ground floor: Showroom/retail unit with mezzanine.
• 4 upper floors: Office spaces.
Key Features
• Total Floors: 5 (Ground floor with mezzanine + 4 upper floors). Two elevators.
• Basements: 2
o Basement -1: Designated parking space for tenants and visitors.
o Basement -2: Rented as a stockroom, providing additional rental income.
• Current Occupancy: Partially rented.
• Current Yield: 5.1%
• Potential Yield: 6.9% (upon renting out the ground floor).
Advantages - Special Features
• Investment Opportunity:
o Prime Location: Central commercial district with high foot traffic and easy access to public transport.
o Strong Yield Potential: Current yield of 5.1%, potential to increase to 6.9%.
o Versatile Space: Flexible layout suitable for a wide range of commercial tenants.
o Parking Facilities: Dedicated parking space in Basement -1 enhances tenant appeal.
This property is an excellent investment with its prime location, current rental income, and significant potential for increased returns. Don’t miss out on the opportunity to invest in a prominent commercial building in the vibrant district of Agios Antonios, Nicosia.