Bazaraki
Property 6308410
Nicosia · EUR 1,940,000 · 7
In Close Tender Process Deadline: Monday 27/04/2026 until 11.30 a.m. Please contact us for more information. This three-storey building presents a prime investment opportunity, ideal for generating stable rental income or long-term capital appreciation. Its versatile design makes it suitable for commercial or mixed-use purposes, offering significant flexibility to maximize returns. Building Composition: •Ground Floor: Approximately 370 sq.m. •Mezzanine: Approximately 186 sq.m. •1st Floor: Whole-floor office space of approximately 230 sq.m. •2nd Floor: Whole-floor office space of approximately 230 sq.m. (Currently rented at €2,950/month). •Basement: Approximately 600 sq.m., accommodating dedicated parking spaces and auxiliary rooms. Investment Highlight: The 2nd floor is currently income-generating, providing an immediate monthly rental income of €2,950. This makes the asset particularly attractive to investors seeking an immediate return on investment (ROI). Prime Location: The asset is ideally positioned on Strovolou Avenue, one of Nicosia's highest-traffic commercial arteries, within the well-established Agios Vasilios quarter. Key Location Highlights: •High Visibility: Exceptional daily traffic flow and a strong business presence. •Connectivity: Immediate access to cafés, restaurants, retail shops, banks, and essential services. •Accessibility: Close proximity to schools, offices, and residential neighborhoods, with easy links to main roads and transport networks. Note: Pending issuance of Energy Performance Certificate (EPC). The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.
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