Great Location Building

Nicosia
Nicosia Down Town
Price

On Request

870 m2 Area
494 m2 Land
5 Storeys

Property Ref: #6423

Property Description

Welcome to this fantastic building located in a prime location with immense potential for conversion into office space or medical laboratories. Situated in a bustling area with a high demand for commercial real estate, this property presents an excellent opportunity for investors and businesses looking for a strategic location. In addition to its potential as an office space or medical laboratory, this building also offers the opportunity for mixed-use development, with the potential for commercial and residential purposes. With its flexible layout, the building can be easily customised to suit a variety of commercial and residential uses, making it a versatile option for investors and businesses alike. Additionally there is a choice of purchasing the plot adjacent to the building for extra parking spaces or for an additional development. The 1st 3 floors of the building has just been rented to a medical laboratory company and they are being renovated accordingly for the new tenant, including the installation of a new electric elevator. The monthly rent is EUR 6.800 with a 10% increase in 2 years. Floors 4 & 5 are available for renovation and conversion according to the new owners needs. Either for residential or commercial purposes.

Property Features

Type

Mix-Use Building

Status

Resale

Area

870 m2

Land

494 m2

Storeys

5

E.C

B

B.Y

1997

Even More Info

Air Condition

Central Heating

Electric Appliances

Fitted Kitchen

Parking Covered

Pressurised Water System

Solar Water Heaters

Storage Room

Suspended Ceiling

Title Deed

Location

Lykavitos, Nicosia Down Town, Nicosia

* Please note that the location shown on the map is approximate. Please contact us for more details and to arrange a viewing.

CURRENT ASKING PRICES PRICES IN LYKAVITOS

AVERAGE PRICES TODAY

Flat Price
€ 288,736
Residential Plot Price
€ 2,190,000

% PROPERTY TYPES

14% Plots
86% Flats

% BEDROOMS

11% 1 Bed Flat
68% 2 Bed Flat
21% 3 Bed Flat

AVERAGE PRICES BY NUMBER OF BEDROOMS

1 Bed Flat
€ 173,500
2 Bed Flat
€ 272,000
3 Bed Flat
€ 400,750

PRICE RANGE

Flats:
€ 140,000 - € 650,000
Houses:
-
Residential Plots:
€ 500,000 - € 5,500,000

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