€240,000
Office , Aglantzia, Nicosia
Condition
Resale
Energy
NA
Year built
2000
Features
Property description
Location • Situated in the highly sought-after Aglantzia municipality, this office occupies a prime position within a bustling commercial and administrative hub of Nicosia. • Positioned directly on the lively Kyrenia Avenue, the property benefits from excellent visibility and is surrounded by a dynamic mix of businesses and services. • Enjoying close proximity to major thoroughfares, including RIK Avenue, the location ensures superb accessibility for both employees and visiting clientele. • A wide array of essential amenities, including prominent banks, government offices, retail shops, and dining establishments, are all conveniently located within the immediate vicinity. • The area provides a prestigious and professional environment, making it an ideal address for establishing or relocating a successful business operation in the capital. External Features • This professional office is housed on the first floor of a well-maintained, mixed-use commercial building constructed around the year 2000. • The development presents a professional and established facade, projecting a strong corporate image for any business operating within its premises. • Exclusive rights of use are granted for two dedicated covered parking spaces conveniently located in the building's secure basement area. • Access to the office is well-defined and professional, reflecting the commercial nature of the building and its prominent location on a major avenue. • A covered veranda provides a small private outdoor area, offering a pleasant break space or an architectural feature for the office unit. Internal Characteristics • Offering a generous internal area of 121 square meters, the space provides a versatile and adaptable layout suitable for various corporate configurations. • The floor plan is designed to accommodate a productive working environment, with ample room for workstations, private offices, or a reception area. • A dedicated and private WC is conveniently located within the office unit, ensuring self-sufficiency and comfort for staff and visitors. • The unit includes a covered veranda of 6 square meters, which extends the usable space and introduces an element of natural light. Advantages - Special Features • This property represents an exceptional investment opportunity, currently leased and generating a significant rental yield of approximately 6.5% per annum. • The availability of a separate and clear title deed ensures a secure and straightforward transfer of ownership for the prospective buyer. • Including two private covered parking spaces is a major advantage in this central urban location, adding considerable value and convenience. • Its strategic location in a high-demand commercial district ensures strong potential for consistent rental income and future capital appreciation. • The flexible internal space is perfectly suited for a wide range of professional services, from law firms and accounting practices to corporate satellite offices.
Location
Open full map(opens in a new tab)Location details are based on the listing information provided by the owner/agent.

Sign up for free to call or WhatsApp the agent, or send an enquiry below without an account.
Schedule a viewing
No account needed. Share your contact details and the agent will confirm a time.
Mortgage calculator
Estimate monthly payments, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
Beta feature — indicative estimates only, not financial or legal advice.
Beta — mortgage estimates only
Mortgage calculator for this property
Estimate the loan, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
Recommended max LTV: 80%. Cyprus banks commonly finance up to 80% of the property value for an owner-occupied primary residence.
Resale property selected. VAT is estimated at €0 and transfer fees may apply because VAT is generally not payable on resale properties.
First-time buyer status is informational only here; it does not change the payment, transfer fees, stamp duty, or mortgage registration estimate.
Reduced 5% VAT depends on a main-residence declaration, property size/value limits, and Tax Department eligibility.
Use only if the planning-permit and declaration deadlines apply.
- Transfer fees are estimated at 3%, 5%, 8% bands, then 50% reduced when VAT is not paid.
- Transfer fees are estimated from purchase price and VAT treatment only; buyer ownership status does not change them here.
- No transfer fee is estimated when VAT applies to the transaction under current Land Registry practice.
- Mortgage registration is estimated at 1% of the mortgage amount.
- Stamp duty is shown as €0 because stamp duty was abolished for agreements from 1 January 2026.
- ID/passport, proof of address, tax details, and source-of-funds evidence.
- Recent payslips, employment contract, accounts for self-employed buyers, and bank statements.
- Sales agreement, valuation, title deed or planning documents, insurance, and deposit proof.
- Ask the bank which first-home products and documents apply.
Estimates are indicative only and do not constitute financial advice or a lending offer. Actual lending decisions, fees, VAT treatment, and affordability assessments depend on the individual bank, the Tax Department, the Department of Lands and Surveys, and the buyer's personal circumstances.