#3988OfficeFor Sale
€1.200.000
Nicosia, Agios Dimitrios, Strovolos
Whole Top-floor Office space in Agios Dimitrios, Strovolos, Nicosia.
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Description
About the property
Executive 740sq.m. office space situated in a strategic location in Agios Dimitrios, Strovolos, Nicosia.
Property Highlights:
• Total Internal Area: 740sq.m.
• Covered Veranda: 1sq.m.
• Uncovered Veranda: 96sq.m.
• Floor: First floor ( top floor) of a commercial building
• Parking: Six dedicated parking spaces (No. 2,3,5,6,7,8)
Financial Performance:
• Rental Yield: 4%
• Lease Terms: Current lease agreement until 26/03/2028, with an option to renew for an additional two years (Rental Yield: 6%) until 26/03/2030 at a fixed, pre-agreed rate.
For any subsequent renewals after 26/03/2030, the rent will increase by 7% annually.
Internal Layout:
The workspace features a professional reception area, a conference room, multiple private offices, a fully equipped kitchenette, toilet, and both covered and uncovered verandas.
Location:
• Direct frontage onto Athalassas Avenue
• Approximately 30m northwest of the Acropolis Fire Station
• Approximately 100m northwest of the EOA premises
There is a separate title deed for this property.
Pending issuance of Energy Performance Certificate.
Property Highlights:
• Total Internal Area: 740sq.m.
• Covered Veranda: 1sq.m.
• Uncovered Veranda: 96sq.m.
• Floor: First floor ( top floor) of a commercial building
• Parking: Six dedicated parking spaces (No. 2,3,5,6,7,8)
Financial Performance:
• Rental Yield: 4%
• Lease Terms: Current lease agreement until 26/03/2028, with an option to renew for an additional two years (Rental Yield: 6%) until 26/03/2030 at a fixed, pre-agreed rate.
For any subsequent renewals after 26/03/2030, the rent will increase by 7% annually.
Internal Layout:
The workspace features a professional reception area, a conference room, multiple private offices, a fully equipped kitchenette, toilet, and both covered and uncovered verandas.
Location:
• Direct frontage onto Athalassas Avenue
• Approximately 30m northwest of the Acropolis Fire Station
• Approximately 100m northwest of the EOA premises
There is a separate title deed for this property.
Pending issuance of Energy Performance Certificate.
Details
City:
Strovolos
Furnished:
Unfurnished
Parking:
6
Construction Year:
1984
Areas
Covered Area:
740m²
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