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

For Sale / EUR 1.450.000
357 70007700
or  

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.

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