Building For Sale In Egkomi

Building For Sale In Egkomi

For sale six floor building in the heart of Egkomi, closed to all amenities and both universities.

Building Overview:

• Basement, ground floor & 1st floor – merged commercial units, fully rented. Total area 627sqm.
• 2nd floor: Two offices both rented. Total area 209sqm.
• 3rd floor: One office, rented. Total area 209sqm.
• 4th floor: Two offices, one rented and one vacant. Total area 209sqm.
• 5th floor: Two offices, both rented. Total area 209sqm.

Investment Highlights:

• Current Annual Return: 5.45% ROI based on existing leases.
• Potential Annual Return: 6.03% ROI if fully leased.

Zoning & Construction: Dual Zones.

• Eβ3 (96%) – Building coefficient: 160%, coverage: 50%, permitted 6 floors (24m)
• Eβ4 (2%) – Building coefficient: 140%, coverage: 50%, permitted 4 floors (17m)

General Information:

• Total covered area: 1463sqm
• Plot size: 558sqm
• Year of build: 1969
• Frontage length 25m
• 550 meters from European University
• 870 meters from UNIC Medical School
• 700 meters from UNIC Main Building