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    For Sale

    Ref: 15551

    Building, For Sale, Nicosia, Walled Old City

    Nicosia, Walled Old City
    €4,250,000
    plot_area_amount 788m²
    Plot Area
    788m²

    Description

    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

    Details

    Legacy ID: B-99542
    City: Walled Old City
    Building Type: Commercial Building
    Construction Stage: Resale
    No. Of Floors In building: 4
    Parking: 13
    Construction Year: 2007
    Age of Property: 17 Years

    Areas

    Plot Area: 788m²

    Energy

    Heating Type: Central Heating
    Energy Efficiency Grade: Pending Certification

    Main Features

    Air Condition:
    Provision for Central Heating:
    Uncovered Parking:
    Underground Area: 500
    Covered Parking:

    Polys Palantzis
    Nicosia Georgiou Davari Office
    Building, For Sale, Nicosia, Walled Old City

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