Property for sale
Nicosia, Cyprus
£3,614,357 *
[€4,300,000]
Full Description
PRIME MIXED-USE COMMERCIAL BUILDING IN NICOSIA BUSINESS DISTRICT
PARTIALLY TENANTED WITH IMMEDIATE INCOME GENERATION
HIGH-VISIBILITY LOCATION WITH VALUE-ADD POTENTIAL
REDUCED PRICE FROM 4.650.000 TO 4.300.000 EUROS
This prominent mixed-use commercial building is strategically positioned in the heart of Nicosia’s business district, offering exceptional visibility and accessibility. With a total covered area of 2,130 sq.m. spread across two basement levels, a ground floor retail unit with offices, and six additional office floors, the property presents a strong investment opportunity in one of the capital’s most established commercial hubs.
The building enjoys a balanced mix of occupancy, with key income-generating tenants already in place. Currently leased are the corner retail unit and one of the ground floor offices, along with the second, third, and fourth floors—providing immediate rental income. Additional value lies in the vacant areas, including two ground floor offices and the fifth and sixth floors, which offer excellent potential for further leasing or repositioning.
It’s important to note that a portion of the building is under separate ownership and is not included in the sale, specifically two ground floor offices and the first floor. However, the asset retains a significant share of the building and benefits from its location within a highly sought-after commercial corridor, surrounded by banks, corporate offices, public services, and lifestyle amenities.
Offering a solid foundation for both income and capital growth, this property is ideal for investors seeking a presence in Nicosia’s core business area, with a combination of stable returns and future upside through leasing or repositioning.
Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.
Agioi Omologites is a well-established and vibrant area located in the heart of Nicosia. Known for its blend of residential charm and commercial convenience, it offers a balanced lifestyle with easy access to a wide range of amenities including shops, cafes, restaurants, banks, and cultural landmarks. Its central location makes it one of the most desirable neighborhoods in the city, appealing to both locals and professionals working in or around the capital.
The area also benefits from excellent connectivity to the wider city, with major roads and public transport options nearby. Its mix of older character buildings and newer developments reflects the dynamic evolution of Nicosia’s urban landscape. As a result, Agioi Omologites continues to attract steady interest from investors, residents, and businesses alike.
Buy Cyprus LTD a leading and esteemed fully accredited Estate Agent, proudly holding registration number 1014 with the Cyprus Real Estate Agents Association and license number 477/E. With nearly three decades of unwavering commitment in the Cyprus and UK real estate markets, Buy Cyprus stands as the epitome of trustworthiness, offering top-tier expert services.
Paphosproperties has seamlessly integrated with Buy Cyprus LTD, becoming an integral part of our number one leading agency. Together, we share in this legacy of excellence, with our unwavering focus on exceeding customer expectations. We ensure that both buyers and sellers receive unparalleled care and dedication, drawing upon our profound understanding of the Cyprus Real Estate Market to provide objective and impartial advice to our esteemed clientele. With utmost transparency, we deliver honest and precise property information, empowering you to make well-informed decisions with absolute confidence.
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