€ 630 000
€ 420 / sqm
1500m2 Factory in Strovolos, Nicosia, Cyprus No. 52503
1500 sq.m.
Square
Parameters
Property Description
Commercial building with an active lease agreement for sale in the industrial area of Strovolos, Nicosia.
The property consists of a two-storey building with a total internal area of approximately 1,000 sq.m., along with a basement of 500 sq.m., situated on a plot of 1,150 sq.m. The building is currently leased, offering immediate rental income and making it an attractive investment opportunity.
The lease agreement is in place until 30/11/2047, with an option for renewal for an additional 33 years, providing long-term income security. The tenant is the Ministry of Energy, Commerce and Industry, ensuring reliability and stability.
The property falls within industrial zone Ββ1, with a building density of 100% and coverage ratio of 60%, allowing for strong development potential.
Located in a well-developed industrial area with easy access to the Nicosia–Limassol highway, the property benefits from excellent connectivity and strategic positioning.
Energy efficiency rating: Category C.
A solid investment opportunity with long-term secured income in one of Nicosia’s key industrial areas.
Statistics
€ 2 000
Price per sq.m.
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Quality of Life Index
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Cost of Living Index
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Parameters
Strovolos
Rent Per Month
Apartment (1 bedroom) in City Centre
€ 600
Apartment (1 bedroom) Outside of Centre
€ 500
Apartment (3 bedrooms) in City Centre
€ 925
Apartment (3 bedrooms) Outside of Centre
€ 850
Buy Apartment Price
Price per square metre in the city centre
€ 2 000
Price per square metre outside the city centre
€ 2 000