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Commercial for sale, Nicosia, Walled Old City

Posted: 2 months ago
ID: 139861
Nicosia, Cyprus
  • Total area: 1450 m²
  • Coverage ratio: 1450%
  • Density: 200%
€3 500 000

Reference number: 15551

Commercial corner building for on a MAGNIFICENT PLOT of 788sq.m with 200% building density, and 10floors allowance.The building is an excellent investment opportunity as it is, since in consists of 9 shops of 400sq.m overall and 6 offices of 1050sq.m overall.It also features 500sq.m of underground and ground-floor parking areas.The market for such a property could go up to 200,000per/year to give a yield of 4,7% with out even taking into consideration that there is potential for further development, due to the high building density.All units are already ed!The fact that building is located right in the heart of Nicosia, on a beneficial corner plot, provides security for any investor. THIS IS THE DEFINITION OF A LOW RISK INVESTMENT.Contact me for more information
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Main Parameters

Plot area
788 m²
Coverage ratio
1450
Density
200
Total area
1450 m²
Number of floors
4
Year built
2007
Bedrooms
studio
Furnishing
No
Heating
Central
Kitchen
No
Air conditioning
Everywhere
petFriendly
No

Infrastructure

  • Parking place
FOX Smart Estate Agency avatar
FOX Smart Estate Agency

Location

Interactive map showing the area around the property. latitude 35.17314180744 and longitude 33.364936709404 Radius: 0.5 km Use the plus and minus buttons to zoom in and out.