For Sale €1,400,000
€1,111 per sq.m.
Ref. No. B-99566
Nicosia, Egkomi Lefkosias
Covered: 1260m²
Plot: 697m²
Blue Sky Properties
Call Tel. +357 25 760781
Fax. : +357 25 760 604

For Sale Building in Egkomi Lefkosias for €1,400,000

Commercial building for sale on a MAGNIFICENT PLOT of 697sq.m with 180% building density, and 8-floors allowance.The building is located on a very busy road of Egkomi, enjoys excellent visibility and it is still very easy accessible for future workers and clients who wish to visit.The building is an excellent investment opportunity as it is, since in consists of 6 offices of 180sq.m each and a ground-floor of 360sq.m (with 100m mezzanine) suitable for any use. The building also features 180sq.m of Basement, again suitable for a variety of purposes. (Ground-floor and basement are in need of refurbishment).The market rent for such a property could go up to €100,000/year to give an excellent yield close to 7% with out even taking into consideration that there is great POTENTIAL FOR FURTHER DEVELOPMENT, due to the high building density.The fact that building is located right in one of the most desirable areas of Nicosia, on a beneficial plot, provides security for any investor. THIS IS THE DEFINITION OF A LOW RISK INVESTMENT.Contact me for more information
Air Conditioning
Uncovered Parking
VAT is not Applicable