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6
  • Property Type
  • Other
  • Area Size
  • 1969
  • Year Built

Prime 6-Storey Commercial Building with Strong Rental Income in Egkomi, Nicosia – id S40282

  • €1,450,000

Description

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.andlt;brandgt; andlt;brandgt; Building Overview:andlt;brandgt; • Basement, Ground Floor andamp;amp; 1st Floor: Merged commercial units, fully rentedandlt;brandgt; o Total area: 627sq.m.andlt;brandgt; • 2nd Floor: Two offices, both rentedandlt;brandgt; o Total area: 209sq.m.andlt;brandgt; • 3rd Floor: One office, rentedandlt;brandgt; o Total area: 209sq.m.andlt;brandgt; • 4th Floor: Two offices, 1 rented and 1 vacantandlt;brandgt; o Total area: 209sq.m.andlt;brandgt; • 5th Floor: Two offices, both rentedandlt;brandgt; o Total area: 209sq.m.andlt;brandgt; andlt;brandgt; Investment Highlights:andlt;brandgt; • Current Annual Return: 5.45% ROI based on existing leasesandlt;brandgt; • Potential Annual Return: 6.03% ROI if fully leasedandlt;brandgt; andlt;brandgt; Zoning andamp;amp; Construction:andlt;brandgt; • Zoned under dual zones:andlt;brandgt; o Eβ3 (96%) – Building coefficient: 160%, coverage: 50%, permitted 6 floors (24m)andlt;brandgt; o Eβ4 (2%) – Building coefficient: 140%, coverage: 50%, permitted 4 floors (17m)andlt;brandgt; andlt;brandgt; Additional Information:andlt;brandgt; • Energy Performance Certificate pendingandlt;brandgt; • Ideal for investors seeking steady rental income and value appreciation in a strategic commercial location.

  • City: Nicosia
  • Area: Dimos Egkomis

Details

Updated on September 30, 2025 at 10:40 am
  • Property ID S40282
  • Price €1,450,000
  • Year Built 1969
  • Property Type Other
  • Property Status For Sale

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