Whole Top-floor Office space in Agios Dimitrios, Strovolos, Nicosia.

For Sale / EUR 1.200.000
357 70007700
or  

Property ID:
VL54420
Office Code:
NEAL
Type:
Office
32
2
245
Area:
Strovolos
District:
Nicosia
Year Built:
1984
Covered Internal Area:
740 m2
Bathrooms:
1
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DESCRIPTION
Executive 740sq.m. office space situated in a strategic location in Agios Dimitrios, Strovolos, Nicosia.

Property Highlights:
? Total Internal Area: 740sq.m.
? Covered Veranda: 1sq.m.
? Uncovered Veranda: 96sq.m.
? Floor: First floor ( top floor) of a commercial building
? Parking: Six dedicated parking spaces (No. 2,3,5,6,7,8)

Financial Performance:
? Rental Yield: 4%
? Lease Terms: Current lease agreement until 26/03/2028, with an option to renew for an additional two years (Rental Yield: 6%) until 26/03/2030 at a fixed, pre-agreed rate.
For any subsequent renewals after 26/03/2030, the rent will increase by 7% annually.

Internal Layout:
The workspace features a professional reception area, a conference room, multiple private offices, a fully equipped kitchenette, toilet, and both covered and uncovered verandas.

Location:
? Direct frontage onto Athalassas Avenue
? Approximately 30m northwest of the Acropolis Fire Station
? Approximately 100m northwest of the EOA premises

There is a separate title deed for this property.

Pending issuance of Energy Performance Certificate.
MAIN PROPERTY FEATURES
Garage / Designated Parking  
This office in Strovolos, Nicosia is being offered for sale at EUR 1.200.000.

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