COMMERCIAL BUILDING IN PERA CHORIO, NICOSIA

Ground floor commercial building with a mezzanine in Pera Chorio community, in Nicosia District, at a distance of 100 meters (approx.) northwest of the Community’s police station and 180 meters (approx.) west of the old motorway (B1).

The property enjoys very good access to the motorway. Furthermore, it is situated close to a plethora of amenities and services.

The level of construction and maintenance of the building is good.  It comprises on the ground floor of an open shop area, a storage room and a women's/men’s w/c. The mezzanine consists of a customer service area, 2 storage rooms, a kitchen, a shower room with a toilet and a server room.

The area of the ground floor is 440 sqm (approx.) and the mezzanine 130 sqm (approx.).

It is worth noting that part of its eastern part is affected by the road widening scheme.

The property is rented with a contract until 30/06/2047 with the current rent being €1500/month with an increase in the rent every five years as follows:

today - 31/12/2026: rent-free period

01/01/2027 - 30/06/2027: €1500/month

01/07/2027 - 30/06/2032: €1575/month

01/07/2032 - 30/06/2037: €1650/month

01/07/2037 - 30/06/2042: €1750/month

01/07/2042 - 30/06/2047: €1840/month.