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209m² Building for Sale in Engomi, Nicosia District

  • Pre-Owned
  • 209m²
  • €1 450 000
Price per m²
€6938/m²
Title Transfer Fee
~€54,600
INDEX AI found 1 similar listings.
  • Ref. #: 52524
  • Plot area: 558m²
  • Air Conditioning: Yes
  • Elevator

Commercial Building with Strong Rental Income for Sale in Egkomi area, Nicosia. It is located in one of the most thriving business centers in Egkomi. The surrounding area provides a variety of amenities and facilities such as shops, taverns, shops, cafes, etc.

Commercial building for sale in Nicosia, Egkomi area. It is a six- story building with total enclosed area of 1.463 sq.m. The property offers a mix of office spaces across multiple floors, currently generating solid rental income with excellent potential for growth. The basement, ground and first floor are merged commercial units, fully rented. Second and fifth floor consist of 4 offices- 2 offices per story, all of them rented. The third floor consists of 1 office which is rented. On the fourth floor there are 2 offices, one of them is vacant and one of them rented.

Current Annual Return is 5.45% ROI based on existing leases. Potential Annual Return is 6.03% ROI if fully leased.

The property falls withing two planning zones Εβ3 and Εβ4.

It is ideal for investors seeking steady rental income and value appreciation in a strategic commercial location.

Still have questions? Reach out to listing owner.
Is it still available? What year was this property built? Does it have a sea view? How many floors does the building have in total? What is the energy efficiency class? What is the energy source?
  • €1 450 000
Price per m²
€6938/m²
Title Transfer Fee
~€54,600
INDEX AI found 1 similar listings.
  • Agency
  • R.N.:1104 L.N.:569/E
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Other Listings of This Property

0
  • €1 450 000
  •   €6938/m2
  • 209m²
  • Pre-Owned
  • 27186
Presenting a versatile six-floor commercial building located in the thriving business district of Egkomi, Nicosia. This property offers a mix of office spaces across multiple floors, currently generating solid rental income with excellent potential for growth. Building Overview: • Basement, Ground Floor & 1st Floor: Merged commercial units, fully rented o Total area: 627sq.m. • 2nd Floor: Two offices, both rented o Total area: 209sq.m. • 3rd Floor: One office, rented o Total area: 209sq.m. • 4th Floor: Two offices, 1 rented and 1 vacant o Total area: 209sq.m. • 5th Floor: Two offices, both rented o Total area: 209sq.m. Investment Highlights: • Current Annual Return: 5.45% ROI based on existing leases • Potential Annual Return: 6.03% ROI if fully leased Zoning & Construction: • Zoned under dual zones: o Eβ3 (96%) – Building coefficient: 160%, coverage: 50%, permitted 6 floors (24m) o Eβ4 (2%) – Building coefficient: 140%, coverage:…
  • Agency
INDEX AI found 1 similar listings.

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