The commercial real estate sector has been billed for big things in Cyprus.
The recent surge in interest for commercial real estate on the island has brought forth a relative rush to supply commercial office space / retail assets.
The appeal of investing in this property type is multifold. Investors can generate higher and more stable investment returns, whilst also typically maintaining these returns over a longer period of time.
Below, we list 4 High Value Commercial Assets currently yielding a steady return, which we believe to be prime investment opportunities:
1. Commercial Building in a Prime Location in Strovolos, Nicosia
The asset is a six-floor commercial building with a prominent position close to Athalassa and Stavrou Avenues providing excellent proximity to many amenities and public services in the wider area. It occupies a corner position, with some floors having panoramic views of the city, and the Pedieos linear park.
The asset is currently rented to creditworthy, reputable tenants offering a high annual return.
Guide Price: €3,300,000
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2. Mixed-Use Building in a sought-after location in Agioi Omologites, Nicosia
The asset is a mixed-use building in Agioi Omologites quarter in Nicosia Municipality.The building consists of two levels of basement, 5 offices and a shop on the ground floor, and offices on the remaining six floors.
The asset holds a premium location with high visibility, in Nicosia Business Centre. It offers excellent proximity to all amenities, public services, bars and restaurants. It is a great investment opportunity for high rental income at the centre of the capital.
Guide Price: €5,500,000
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3. Mixed-Use Building in Egkomi, Nicosia
The asset is a commercial mixed-use building in Egkomi. The asset is built within a land area of 642sqm and has a total covered area of 1,732sqm.
The building consists of a shop on the ground floor (300sqm), a mezzanine (185sqm), three office floors (300 sqm each) and a basement (470sqm) with parking spaces and storages. The whole building is rented with an attractive yield, with floors 1 to 3 being rented by Government Services.
Egkomi is an area that has recorded strong growth in recent years with the development of universities, campuses, hotels, shopping mall, casino, supermarkets, restaurants and cafes.
Guide Price: €1,750,000
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4. Mixed Use Building in Paralimni, Famagusta
The asset is a mixed-use commercial building in Paralimni located in close proximity to 1st. Apriliou Street, Paralimni’s main commercial street and close to Deryneia – Paralimni roundabout. The asset is in excellent condition, enjoys great visibility and is ideal for spacious showroom or offices.
In addition the asset includes land area of 1,859sqm that can be used as additional parking space or further development. The asset offers excellent proximity to all amenities. It is currently rented on a long-term basis, offering a high return on investment.
Guide Price: €2,800,000
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If you are interested in learning more about these properties, please contact us.