Commercial Building |  Agios Dometios | Nicosia

Description

An exceptional investment opportunity to acquire a whole commercial building in the prime business area of Agios Dometios, Nicosia.

This asset represents an ideal opportunity either for owner occupation or as a high-yield income-producing investment. The property benefits from a strategic location on a busy commercial road, offering excellent accessibility and strong commercial visibility.

The building comprises a basement with parking and storage facilities, a ground-floor retail unit with mezzanine, and four upper floors of office spaces. The retail unit is currently occupied by Hellenic Bank and is expected to be vacated.

Property Layout

Basement

• Access via ramp from the north side of the building
• 36 parking spaces
• Storage areas
• Engine rooms
• Elevator access

Ground Floor

• Central entrance lobby
• Retail unit (currently used as bank branch)
• Large customer service area with cash registers
• Staff office areas with glass and aluminum partitions
• Vault
• Kitchen and sanitary facilities
• Storage rooms
• 18 parking spaces
• Small independent office space on the western side

Mezzanine

• Access via internal staircase
• Multiple office spaces
• Meeting room
• Men’s and women’s toilets
• Independent office area with kitchenette and sanitary facilities

1st – 4th Floors

• Identical layout on each floor
• Two office wings per floor
• Open-plan office configuration
• Partitioned office spaces
• Kitchen and sanitary facilities

Tenancy & Income Information

• Part of the ground floor and basement is currently used by CYTA
• Telecommunications antenna installed on the rooftop
  • Monthly rental income: €1,800
  • Agreement expiry: 30/11/2025
• Office 102 (approx. 350 sq.m.) is leased to Horse Race Club
  • Monthly rental income: €1,295

Location

The property is ideally positioned in a high-demand commercial zone with excellent connectivity:

• Approx. 2 km from B9 motorway
• Approx. 1 km from Agios Dometios Community Centre
• Approx. 5 km from Strovolos city centre
• Close proximity to Nicosia city centre

This location offers strong long-term commercial demand and investment stability.

Planning & Zoning

The property falls within dual planning zones:

Zone Κα4 (55%)

• Building coefficient: 120%
• Coverage: 50%
• Maximum floors: 3
• Maximum height: 13.5 m

Zone Εβ3 (45%)

• Building coefficient: 160%
• Coverage: 50%
• Maximum floors: 6
• Maximum height: 24 m

Property Details

General

• Completion Status: Completed
• Occupancy Status: Vacant
• Title Deed: Available
• Energy Efficiency Category: C

Plot

• Land Area: 2,170 sq.m.
• Terrain: Flat

Building

• Year Built: 1995
• Total Floors: 4
• Elevators: 2
• Total Parking Spaces: 54
• Computer Room: Yes
• Elevator Access to Basement: Yes