Building for Sale in Egkomi 14037

About this property

The asset is a university, located 300m west of the Hilton hotel and 750m east of UNIC's main campus. It benefits from its central location and is accessible by the two adjacent roads on either side of the plot. The rounded, flowing shapes of the building were achieved by the intelligent use of Alucobond panels in silver metallic and blue. The facade is covered in Alucobond made up of different modules with changing widths, consisting of fixed opaque glass panels which can be opened or fixed. Investment Highlights: -Existing tenancy agreement in place until 2032 -Annual rental income: €347,340 -Rental rate: €4.5 per sq.m. -Yield: approx. 3% -Additional building density: +4,500 sq.m. Potential for further development on the existing plot -Rent review every 2 years with approx. 6% increase: €370,000/€394,000/€419,000/€447,000 This is an excellent investment opport in one of Nicosia’s most dyc areas, offering stable income and strong future development potential.

Features

• Aircondition

Location

Investment tools