Commercial Building in Engomi - Nicosia
For Sale - Ref. WW29995
Property 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.
Building Overview:
• Basement, Ground Floor & 1st Floor: Merged commercial units, fully rented
o Total area: 627sq.m.
• 2nd Floor: Two offices, both rented
o Total area: 209sq.m.
• 3rd Floor: One office, rented
o Total area: 209sq.m.
• 4th Floor: Two offices, 1 rented and 1 vacant
o Total area: 209sq.m.
• 5th Floor: Two offices, both rented
o Total area: 209sq.m.
Investment Highlights:
• Current Annual Return: 5.45% ROI based on existing leases
• Potential Annual Return: 6.03% ROI if fully leased
Zoning & Construction:
• Zoned under dual zones:
o Eβ3 (96%) – Building coefficient: 160%, coverage: 50%, permitted 6 floors (24m)
o Eβ4 (2%) – Building coefficient: 140%, coverage: 50%, permitted 4 floors (17m)
Additional Information:
• Energy Performance Certificate pending
• Ideal for investors seeking steady rental income and value appreciation in a strategic commercial location.
Similar Properties
