Building - For Sale - Engomi, Nicosia - 480051004-2501

Commercial Building in Engomi

Asking Price

1,450,000 € Other Currencies

Engomi, Nicosia

ID: 480051004-2501

Total Covered Area m²

1,463

Plot Size (m²)

558

Internal Covered Area (m²)

1,463

Year/Month Built

1969/05

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 with total covered area 627 sqm
- 2nd Floor: Two offices, both rented with total covered area 209 sqm
- 3rd Floor: One office, rented with total covered area 209 sqm
- 4th Floor: Two offices, 1 rented and 1 vacant with total covered area 209 sqm
- 5th Floor: Two offices, both rented with total covered area 209 sqm

Investment Highlights:
- Current Annual Return: 5.45% ROI based on existing leases
- Potential Annual Return: 6.03% ROI if fully leased

The property falls within Eb3 (96%) and Eb4 (2%) zone with the following characteristics:
Eb3
Building Density: 160%
Building Coverage: 50%
Floors: 6
Height: 24 meters

Eb4
Building Density: 140%
Building Coverage: 50%
Floors: 4
Height: 17 meters

Additional Information:
- Energy Performance Certificate pending
- Ideal for investors seeking steady rental income and value appreciation in a strategic commercial location.

Call us to arrange a viewing!

Energy Efficiency

The Energy Rating is an index of a building's thermal performance, indicating the levels of heating and cooling required to be comfortable in winter and summer. Buildings which achieve A or B Energy Rating are more comfortable to live in and have lower energy bills.

All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.