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Listed Building for sale
Sale & Leaseback opportunity

Property for sale by the owner in Nicosia

Income generated is tax free for income purposes

€595,000

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Info

Listed building for sale, Nicosia

The revenue generated is “tax free” for income tax purposes.

Rental Agreement (Proposed)
Term: 5 Years + 5 years
Rent per month (euro): 2.500 euro
Yield: 5.0%
Property Location Municipality Nicosia/ Agios Antonios


A two-story listed building (restoration completed) with offices in Agios Antonios, Nicosia located on Nikiforou Foka
The building is dated 1885 and 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 that is accessed from Xanthis Xeneriou St,. Internally 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. Externally there is small backyard and uncovered parking space.

Property characteristics

  • Covered Internal: 200 sqm 

  • Lower ground floor: 95 sqm

  • Asset quality: Good

  • Airconditioning: VRV

  • Title Deed Available

  • Reg no: 2/646

Contact Us Today!

Available for sale and lease back, a two-story, restored building from 1885 in Agios Antonios, Nicosia offers an investment opportunity with a proposed 5-year rental agreement at 2,500 euros per month, yielding a 5.0% return. Notably, the income from this listed property is tax-free for income purposes. The building blends traditional Cypriot materials with modern upgrades, catering mainly to office use.

Email: antonis.neocleous@baseelement.digital

Tel: +357 99 594745

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