For Sale: Building, Strovolos, Nicosia, Cyprus FC-35273

Commercial building in a central and lively location Agios Vasileios Quarter in Strovolos Municipality.

The property enjoys excellent access to the motorway, the city of Nicosia and to all necessary amenities and services.

The vicinity of the property designates an increased demand for properties due to its central location and accessibility.

It is noted that the building is located on the eastern part of the property and corresponds to the 721371/1000000 shares. It is noted that the property has a distribution agreement.

The building was constructed in 2011 and its level of construction and maintenance is good.

It comprises of a basement, ground floor, mezzanine and 2 above floors.  The ground floor operates an office whereas the above floors consist of 3 office spaces each. The basement consists of parking spaces.

The offices with door numbers 102, 103, 201, 202, 203 remain incomplete and the construction works are about 70% complete.

The ground floor shop with mezzanine are rented for €3465/month. The above floors are vacant. The yield is 4.1%.

The total area of the building is 773 sqm and the uncovered verandas 80 sqm

The property is considered as an appealing investment opportunity. It has the potential to reach a yield for 6% and above.