Property 1110 Nicosia / O-116293
Modern 172 Sqm Office In Landmark Building With 4 Parking Spaces.
11
For Sale • Deal
550,000€
Estimated Mortgage
/month
172
m2
Property Description
This modern styled 172 sqm office is located on the third floor of a Nine-storey building. The office consists of a reception, open plan offices, a meeting room, two separate offices, a managers office, one toilet, a kitchen and a server room. The office has raised floors with embedded cabling, floors of synthetic parquet and double glazed windows in aluminium frames. The internal partitions are made of glass for increased natural lighting.
The office is offered with 4 privately owned and dedicated parking spaces on the underground level, as well as two storage units with areas of 8 sqm and 5 sqm, also on the underground level. The office is currently leased until September 2023, with a planned rental increase in September of 2022. The rental yield on the existing lease is 5.2%, and the office is registered under an SPV which can be transferred to the buyer without the need to pay any transfer fees, making this a unique opportunity for investment. The office is located in a landmark high quality office building called Nikis Center, on the corner of 2 main commercial streets, namely Nikis Avenue and Kyriakou Matsi Avenue, in the heart of the business centre of Nicosia.
On the ground floor you can find a multitude of commercial stores while the floors above are office units. This 9 floor building has access from three streets and is visible from a distance due to its height.
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Location
47.65 kms
111.46 kms
0.57 kms
0.83 kms
1.41 kms
1.46 kms
1.82 kms
1.93 kms
2.09 kms
2.12 kms
2.23 kms
3.01 kms
3.25 kms
3.52 kms
4.91 kms
1.36 kms
1.65 kms
1.74 kms
1.78 kms
1.81 kms
1.85 kms
1.88 kms
1.93 kms
2.46 kms
3.14 kms
4.08 kms
4.60 kms
Transfer Fees
Transfer Fees Individual
18,600 €
Transfer Fees Joint Names
15,200 €
Stamp Duty
1,008 €