Office 1 698 m² in Nicosia, Cyprus

Cyprus, Nicosia
$6,61M
$3,894/m²
;
ID: 3484869
Property ID on Realting
In CRM: 203197
ID of the ad on the website or in the company’s CRM
Last update: 17/06/2025

Location

  • Country
    Cyprus
  • Region
    Nicosia District
  • City
    Nicosia
  • Address
    Grigori Afxentiou

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $3,894/m²
  • Total area
    Total area
    1 698 m²

Description

An exceptional investment opportunity is an entire commercial building located in Agios Dometios, Nicosia. This is an ideal object for both own use and for high income. The building consists of a ground floor with parking spaces and storage spaces, a commercial space on the first floor with an auxiliary mezzanine zone and 4 floors, including office space.

The trading room is currently being used by Hellenic Bank and will be vacated. The ground floor is entered from the north side of the building along the ramp, it has 36 parking spaces, various storage spaces and engine rooms. On the first floor there is a small separate office on the west side, the central entrance to the building and the rest of the floor, which is occupied by the bank branch, including a large single customer service room with cash desks, various office areas for employees, which are separated by glass and aluminum partitions, storage, sanitary areas, kitchen, storage spaces and 18 parking spaces.

The mezzanine above the store is accessible by an internal staircase on the east side of the first floor and consists of various office spaces, a meeting room and men's and women's toilets. The western part of the mezzanine is an independent office, which is made in an open plan and divided inside into various rooms with drywall partitions, as well as equipped with a mini kitchen and sanitary facilities.

From the 1st to the 4th floor layout is identical and each floor consists of two wings with offices. All office spaces have an open layout, and were internally separated by partitions in accordance with the needs of previous tenants, while equipped with bathrooms and a kitchen.

It should be noted that part of the ground floor and ground floor are occupied by CYTA, and there is an antenna on the roof with a monthly rent of 1,800 euros. The lease agreement ends on 30.11.2025. In addition, the office 102 with an area of about 350 sq.m. is leased to the Horseracing Club with a monthly rent of 1,295 euros.

The building has a separate certificate of ownership.

The property is located on a busy commercial street in close proximity to the city center: about 2 km from the B9 motorway, about 1 km from the public center of the Ayios Dometios district and about 5 km from the city center of Strovolos.

The property belongs to two zones: Κα4 (55%) with a building coefficient of 120%, a covering of 50% and a building permit of 3 floors (13.5 m), and Εβ3 zone (45%), with a building coefficient of 160%, a covering of 50% and a building permit of 6 floors (24 m).

The price of this object is being discussed.

Energy category: C

Location on the map

Cyprus, Nicosia
Infrastructure nearby
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