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Commercial building in egkomi

Nicosia, Egkomi
Posted: Yesterday 19:49 Ad ID: 5958121
Commercial building in egkomi-1 Commercial building in egkomi-2 Commercial building in egkomi-3 Commercial building in egkomi-4
  • Reference number: 27186
  • Area: 209 m²
  • Type: Building
  • Condition: Resale
  • Plot area: 558 m²
  • Postal code: 4400
  • Online viewing: Νο
  • Construction year: Older
  • Energy Efficiency: N/A
  • Square meter price: €6.938 /m²
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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: 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.

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€1.450.000
€6.938/m²
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KAZO REAL ESTATES KAZO REAL ESTATES
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Posting since apr, 2017

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