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For a two-story ed listed building with offices in Nicosia City Center
(Investment Opportunity with yield +/-5%)
Location
· The building is situated near Eleftherias Square and was recently renovated.
· Within walking distance, one can find restaurants, cafeterias and the old city of Nicosia.
· There are many office buildings in the area, and it is close to the Business Center.
· Easy access is also available for the Nicosia – Limassol highway.
External Features
· The building is considered as an archaeological monument.
· It is on elevated land affording nice views of the city especially from the upper floor.
· It is a building of 2 floors and the size of the building is 190sq.m.
· Its external look is an example of the traditional architecture.
· Externally, there is small backyard and uncovered parking space.
Internal Characteristics
· It was constructed with traditional materials like Cypriot stone, wooden roof with traditional roof tiles and was retrofitted with a metallic staircase and an elevator.
· 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 used as a private office and conference room. There is a kitchenette, two toilets and storage in the lower ground floor as well as disabled toilet on the floor.
Advantages - Special Features
· Installed split unit air conditioners in the bedrooms and living room.
· The building is ed and the Rental Agreement proposed term is 5+5 Years.
· Rent per month €2,500.
· Yield +/- 5%.
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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