Office for Sale in Strovolos, Nicosia

Информация от владельца
Executive 740sq.m. office space situated in a strategic location in Agios Dimitrios, Strovolos, Nicosia.

Property Highlights:
• Total Internal Area: 740sq.m.
• Covered Veranda: 1sq.m.
• Uncovered Veranda: 96sq.m.
• Floor: First floor ( top floor) of a commercial building
• Parking: Six dedicated parking spaces (No. 2,3,5,6,7,8)

Financial Performance:
• Rental Yield: 4%
• Lease Terms: Current lease agreement until 26/03/2028, with an option to renew for an additional two years (Rental Yield: 6%) until 26/03/2030 at a fixed, pre-agreed rate.
For any subsequent renewals after 26/03/2030, the rent will increase by 7% annually.

Internal Layout:
The workspace features a professional reception area, a conference room, multiple private offices, a fully equipped kitchenette, toilet, and both covered and uncovered verandas.