#6737
For Sale, Prime Corner Location Retail Unit, in Nicosia center
790,000€
#6737
For Sale, Prime Corner Location Retail Unit, in Nicosia center
790,000€
251m²
13
251m²
13
Resale 2008
Property Description
An exceptional investment opportunity in Nicosia’s vibrant commercial center, this prime corner retail unit is ideally situated in Agioi Omologites, offering high visibility and excellent accessibility.Property Overview:
• Total Built Area: ~251 sq.m.
• Energy Category: C
• The property has acquired a separate title deed.
Layout Details:
Ground Floor:
• Spacious open-plan layout
• Fully equipped kitchen facilities
• Storage room
• Guest restrooms
Mezzanine (Approx. 135 sq.m.):
• Additional open-plan space
• Men’s and women’s restrooms
• Changing rooms
• Staff restrooms with shower
• Second kitchen
• Extra storage space
Outdoor Spaces:
• Covered Area: 28 sq.m.
• Uncovered Area: 120 sq.m.
• Exclusive Use of External Pavement: ~148 sq.m.
Parking:
• Total Covered Spaces: 13
o 6 in the basement
o 7 on the second basement level
Investment Highlights:
• Current Yield: 5.3% ROI
• Lease Term: Active until November 2030
o Includes 2% annual rental increases
o Optional 5-year renewal included in agreement
• Ownership: Separate title deed available
This asset offers excellent long-term income potential, thanks to a stable lease agreement and flexible usage options, including retail, dining, or showroom operations. The combination of generous indoor and outdoor spaces makes it especially appealing for businesses seeking high-footfall locations in Nicosia’s core.
Property Info
6737
790,000€
Nicosia
Details
Construction Stage:
Resale
Baths:
2
Furnished:
Unfurnished
Covered Parking:
13
No. of Floors in building:
1
Parking:
13
Construction Year:
2008
Areas
Covered Area:
251m²
Uncovered Area:
120m²
Mezzanine:
135m²
Main Features
Storage Space:
Resale:
Total Building Area:
386
Mortgage Calculator
Amount Financed:
Mortgage Payments:
Annual cost of Loan:
Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.
