Altamira Real Estate has a three-storey commercial building on the busy Tseriou Avenue, at the indicative price of € 1,000,000.
Altamira Real Estate offers preferential properties with high returns that can offer direct income to their potential investor, until November 2, through the website www.altamirarealestate.com.cy.
Specifically, the Company announced the sale of 26 income properties, in which rental agreements are valid with reliable and large organizations, with yields that can exceed 6% per year. These are large commercial buildings, offices and shops in all cities of Cyprus.
Among them, a particular property stands out located on the busy Tseriou Avenue, in the Municipality of Strovolos, which is an ideal choice for investment, both by businessmen and individuals, with a yield that can exceed even 8%. This area is one of the most popular in the province of Nicosia as it is one of the busiest highways in Strovolos, while over time it is in high demand and is characterized by intense residential and commercial activity, providing a wide range of services to its residents.
Three-storey commercial building in a prominent position
The commercial building , owned by Altamira Real Estate, has a total area of 773 sq.m., is three-storey and is for sale at the indicative price of € 1,000,000.
It consists of basement, ground floor with shop, mezzanine and two floors. The store has an area of 241 sq.m., a mezzanine of 120 sq.m. and common areas of 26 sq.m., and is rented by a banking institution. The other two floors, with a total area of 322 sq.m., have an open plan form and are ideal to be converted into office space.
The building meets all the required and modern construction specifications and offers the possibility for long-term rental with relatively low maintenance costs. It also has a significant number of parking spaces in the basement and ground floor, covering the needs not only of the staff housed in the building, but also of the customers, while offering all the amenities to the tenants and their potential owner. The prominent position in which it is located, makes it visible from a distance of more than 200 meters and strengthens the image of the companies housed in it.
Potential income exceeding € 85,000 per year
It is worth noting that the store on the ground floor is rented for € 3,465 / month until October 31, 2023 with the possibility of extending the contract for another 4 + 4 years and increasing the rent every two years, based on the consumer price index.
As for the other two floors, they are unfinished and are around € 60,000 left to complete the construction work, thus allowing the potential buyer to choose the materials and the quality of the finishes for the final configuration of the building.
Based on the current conditions in the real estate market, the two floors can be rented for up to € 3,500 / month, while the investment can bring a total annual income of around € 85,000.
The first opening of offers will take place on Tuesday, November 2, 2021, at 10 in the morning.
It is pointed out that according to the procedure of Altamira Real Estate, when it comes to indicative prices, the interested buyers have the opportunity to submit bids with a lower price than the one listed , with the property being awarded to the highest bidder.
Now you too can be the first to be informed about the exclusive offers of Altamira Real Estate . With just one click here , register to receive the Company's specialized newsletter. For more information the public can visit the website of Altamira Real Estate or contact the call center at 8000 8200 and / or 22 696 500, from Monday to Friday between the hours of 8 p.m. and 5 p.m.
