For a two-story ed listed building with offices in Nicosia City Center
(Investment Opportunity with yield +/-5%)
Location
·        The building is situated near Eleftherias Square and was recently renovated.
·        Within walking distance, one can find restaurants, cafeterias and the old city of Nicosia.
·        There are many office buildings in the area, and it is close to the Business Center.
·       Easy access is also available for the Nicosia – Limassol highway.
External Features
·        The building is considered as an archaeological monument.
·        It is on elevated land affording nice views of the city especially from the upper floor.
·       It is a building of 2 floors and the size of the building is 190sq.m.
·       Its external look is an example of the traditional architecture.
·       Externally, there is small backyard and uncovered parking space.
Internal Characteristics
·       It was constructed with traditional materials like Cypriot stone, wooden roof with traditional roof tiles and was retrofitted with a metallic staircase and an elevator.
·       The floors are parquet wood in all areas on the 1st floor and ceramic clays on the ground floor. It has single glazed wooden windows and wooden shutters.
·        The asset consists of large open spaces used as office areas, two smaller used as a private office and conference room. There is a kitchenette, two toilets and storage in the lower ground floor as well as disabled toilet on the floor.
Advantages - Special Features
·       Installed split unit air conditioners in the bedrooms and living room.
·       The building is ed and the Rental Agreement proposed term is 5+5 Years.
·       Rent per month €2,500.
·       Yield +/- 5%.