Property 54598 Nicosia, Nicosia / 46289

Investment Overview
A rare, high-quality opportunity in central Nicosia: four premium commercial floors within a well-maintained office building on a prestigious avenue just outside the city walls. The asset offers strong rental income, substantial parking allocation (rare for the centre), luxury finishes on the upper floors, and flexible disposal options — ideal for investors seeking stable yield, owner-occupiers, or conversion to serviced/student apartments or medical/clinic uses given the proximity to universities and hospital junctions.

Price: 1st Floor €1,200,000 • 5th Floor €1,500,000 • 6th Floor €1,300,000 • 7th Floor €1,200,000
(Individual floors can be purchased separately or as a portfolio. Full title deeds available.)

Key Financials & Yield (indicative)
Current combined rental income for the 5th & 6th floors: €13,500/month (approx. 6% yield on the vendor’s previous valuation).
Current rental income for the 1st floor: €4,000/month (approx. 4% yield; rent is discounted and negotiable upward).
7th floor: vacant and available for immediate occupation or re-letting.

Floor-by-Floor Technical Details
1st Floor
Covered internal area: 348 m²
Covered verandas: 12 m²
Two private warehouses: 14 m² and 7 m²
Parking spaces: 9
Price: €1,200,000
Current rental: €4,000 / month (discounted; potential to increase)

5th Floor
Covered internal area: 396 m²
Covered verandas: 30 m²
Common warehouse: 39 m²
Parking spaces: 8
Price: €1,500,000
Luxurious fit-out: executive meeting rooms, boardroom, prestigious entrance and dedicated reception/ waiting area; ideal single-floor premium office.

6th Floor
Covered internal area: 399 m²
Covered verandas: 30 m²
Common warehouse: 39 m²
Parking spaces: 6
Price (example): €1,300,000
Modern office layout; shares tenant profile / rental with 5th floor (stable income)

7th Floor
Covered internal area: 307 m²
Covered verandas: 65 m²
Uncovered verandas: 59 m²
Common warehouse: 39 m²
Parking spaces: 7
Price (example): €1,200,000
Fully renovated after title deeds were issued; currently vacant and ready for immediate use or lease.

Mezzanine / Store Room Note
The mezzanine store room (converted to a small office with an adjoining shower/toilet) is recorded as belonging to the 6th and 7th floors.
The small mezzanine veranda is for shop use at ground level and houses the A/C compressors for those units.

Building Features & Common Areas
Attractive reception lobby with reception/secretary desks and a waiting lounge — professional image for tenants or visitors.
Ground floor retail: small gourmet / service shops that add amenity and footfall.
Elevator and stair access to all floors; well maintained common areas.
Six (or more) parking spaces per floor in total allocation across floors; specific allocation detailed above (rare advantage for a central location).
Full title deeds and supporting floor plans available.

Uses & Value Proposition
Investment Purchase: stable current rent on multiple floors, immediate income, strong upside by re-letting the 7th floor or revising the 1st floor rent.
Portfolio Purchase Option: buy several floors together to consolidate income and control.