Commercial Building for sale in Nisou, Nicosia

Commercial building in a central and lively location Agios Vasileios Quarter in Strovolos Municipality. It is located on Tseriou avenue at a distance of 900 meters (approx.) north of “Theoktisto” roundabout. The property enjoys excellent access to the motorway, the city of Nicosia and to all necessary amenities and services. The vicinity of the property designates an increased demand for properties due to its central location and accessibility.It is noted that the building is located on the eastern part of the property and corresponds to the 721371/1000000 shares. It is noted that the property has a distribution agreement. The building was constructed in 2011 and its level of construction and maintenance is good.It comprises of a basement, ground floor, mezzanine and 2 above floors.  The ground floor operates a bank branch whereas the  above floors consist of 3 office spaces each. The basement consists of parking spaces.The offices with door numbers 102, 103, 201, 202, 203 remain incomplete and the construction works are about 70% complete.The ground floor shop with mezzanine are rented to a bank for €3465/month. The above floors are vacant. The yield is 4.1%.The total area of the building is 773 sqm (approx.) and the uncovered verandas 80 sqm (approx.).The property is considered as an appealing investment opportunity. It has the potential to reach a yield for 6% and above.  The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. District: Nicosia Municipality: Strovolos Quarter: Agios Vasilios