Prime 6-Storey Commercial Building with Strong Rental Income in Egkomi, Nicosia

For Sale / EUR 1.450.000
77775070
or  +357 95598488

Property ID:
VL49272
Office Code:
NEAL
Type:
Storage/Industrial
Floor No.:
1
41
2
246
Area:
Engomi
District:
Nicosia
Year Built:
1969
Covered Internal Area:
209 m2
Plot Size:
558 m2
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DESCRIPTION
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 E?3 (96%) ? Building coefficient: 160%, coverage: 50%, permitted 6 floors (24m)
o E?4 (2%) ? Building coefficient: 140%, coverage: 50%, permitted 4 floors (17m)

Additional Information:
? Energy Performance Certificate pending
? Ideal for investors seeking steady rental income and value appreciation in a strategic commercial location.
MAIN PROPERTY FEATURES
This storage/industrial in Engomi, Nicosia is being offered for sale at EUR 1.450.000.

To arrange an appointment to view this and any other property from our website, please call or email us directly.

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