Commercial property 2 525 m² in Nicosia, Cyprus

Mixed-use building for sale in Nicosia City Centre The building consists of six floors with a basement parking area and is in an incomplete stage of construction ready for refurbishment/renovation. The ground floor and mezzanine levels were previously used as shops, floors 1st-5th have been used as offices and the 6th floor have been used as 2 three bedroom apartments. The ground floor consists of two open plan shops, each having 2 toilets, 2 kitchenettes, 18 parking spaces, and mezzanines with a toilet and a kitchenette. 1st to 5th floors are identical and consists of reception areas, offices, 6 toilets and 2 kitchenettes. The 6th floor when finished will consist of 2 three bedroom apartments with walk in wardrobes and en suite showers. Title deeds for the property can be issued subject to acquiring the relevant permits and licenses and fulfilling any obligations. There is a lease agreement, dated 30/07/2020, for 10 years from 01/08/2020 – 31/07/2030 with the right of renewal, nevertheless, there is an ongoing legal proceeding regarding the tenancy agreement and the asset remains vacant.