New commercial building in Nicosia № 183009

A new commercial project is being sold at the entrance to Nicosia, which will stand out both for its strategic location and impressive architecture. The business center is located on the road that leads to the large roundabout of the GSP stadium and provides quick and easy access from other cities. The project is a 5-storey commercial building with 1 ground floor, 49 parking spaces and a large storage room. The cost of building a covered area of 4148 m2 together with a total basement area of 1317 m2 is currently about 7,000,000 -7,500,000 euros. The cost of land with an area of almost 2000 m2 is 2,000,000 euros. Cost after completion of construction: 12 500 000 euros (approximately 3000 euros/m2). Rental income: 6.4 return on investment at 20 euros per meter.