Building, For Sale, Nicosia, Egkomi

Location
• Central location Ideal for both commercial and residential use, the property is located in a busy area with a variety of amenities within walking distance.
• Convenient access: Located very close Close to shops, supermarkets, banks, church, schools and more, providing excellent access to surrounding municipalities and communities.
External Features
• Mixed commercial and residential building.
• The building is situated on a plot of 528 sq.m., offering plenty of space for comfortable living and future improvements.
• Although it is approximately 36 years old, the building had recent renovations in various places ensuring modern functionality and appeal.
Internal Characteristics
• Ground floor:
The shopping area: The ground floor consists of 2 shops with very good and high earnings. The one store has 133 sq.m of interior space and includes a large reception area, small kitchen, toilets and a warehouse. The second store is smaller and has 83 m2 of interior space. There is also convenient parking for tenants and customers.
• First floor:
Residential Apartment: Large, spacious and well designed for comfortable living.
The upper floor apartment has a spacious living/dining area, large kitchen, guest toilet, main bathroom and three bedrooms (including a master bedroom with en-suite shower room) and a comfortable and large covered terrace
• Size: The upper floor apartment has approximately 201 sq.m of internal space, plus an additional 38 sq.m of covered terraces.
Advantages & Special Features
• Investment Potential: The stores are rented with very good and long-term contracts, providing immediate rental income. The upper floor apartment is ready for living, or further rental opportunities since the space on the floor with a proper study can be converted into 3-4 smaller apartments increasing the income of the owner. In addition, the new owner can add extra floor to the building since the building factor in the area allows up to 4 floors with a maximum height of 17 meters.
• This mixed-use building combines prime location, modern amenities and a mix of commercial and residential spaces, making it an ideal investment opportunity in the area of Egkomi.
• Accessibility: The easy access to the center of Nicosia, but also outside of Nicosia in all directions via the new road enhances the attractiveness for both tenants and owners.