Property 1110 Nicosia / O-122650

For sale, a two-story listed building with offices in Nicosia City Center. Investment Opportunity with a yield of approximately 5%. The building is situated near Eleftherias Square and was recently renovated. Within walking distance, one can find restaurants, cafeterias, and the old city of Nicosia.

There are many office buildings in the area, and it is close to the Business Center. Easy access is also available for the Nicosia Limassol highway. The building is considered as an archaeological monument. It is on elevated land affording nice views of the city, especially from the upper floor.

It is a building of 2 floors and the size of the building is 190sq.m. Its external look is an example of traditional architecture. Externally, there is a small backyard and uncovered parking space. Internally, it was constructed with traditional materials like Cypriot stone, wooden roof with traditional roof tiles, and was retrofitted with a metallic staircase and an elevator.

The floors are parquet wood in all areas on the 1st floor and ceramic clays on the ground floor. It has single glazed wooden windows and wooden shutters. The asset consists of large open spaces used as office areas, two smaller rooms used as a private office and conference room. There is a kitchenette, two toilets, and storage in the lower ground floor as well as a disabled toilet on the floor.

Installed split unit air conditioners in the bedrooms and living room. The building is for sale and the Rental Agreement proposed term is 5+5 Years. Rent per month is 2,500 with a yield of approximately 5%.