Investment Opportunity - Offices, Nicosia
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Auction
- Lot 5
- Cyprus
- Industrial/Office
- Commercial
Sold for €750.000
Property Summary
- Two occupied office suites, occupying the second and third floor.
- We are informed that the subject property extends approx. 678 sq. m.
- Subject to a single tenancy at a current rent of €52.500 per annum.
- Rent is payable upfront every three months.
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Description
- The property consists of two well sized offices occupying the whole second and third floor, part of a three storey building with basement and ground floor parking spaces
- Exclusive right of use of total 27 parking spaces, of which 22 are located on the ground floor and remaing 5 at basement.
- Separate title deeds (one for each floor).
- Tenanted to a blue chip tenant, Ministry of Interior.
- We are informed that the subject property is approximately 678 sq. m. internal area (339 sq. m. per floor/office).
Location
- The property is located in Engomi municipality, Nicosia District, under Reg. No. 0/10934 & 0/10935.
- The building is located at the junction of Elia Papakyriakou and 28th October Avenues, two of the busiest commercial roads of Engomi municipality.
- The offices are situated approx. 750 m. south of the Mall of Engomi, approx. 300 m. north of the State Fair Grounds and approx. 500 m. east of Iroon Avenue.
- The wider area of the property consists of mixed use developments with retail units on the ground floor and offices/apartments on the upper floors. It offers very good accessibility to Nicosia city centre and the surrounding areas.
Tenancy
Subject to a tenancy at a current rent of €52.500 per annum (Tenants not affected).
Accommodation
The property was not inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the property provides:
- Two floors of office space.
- Interested parties are recommended to undertake their own inquiries to confirm property/building measurements.
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*Terms & Conditions
Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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