Commercial building at dali nicosia
The property is leased from 01/02/2024 to 31/01/2027, generating an annual rental income of €30,636, reflecting a rental yield of 7.2%. It is a two-storey commercial warehouse currently leased and operating as a recording studio, situated in Panagia Evangelistria, within the municipality of Idalion (Dimos Idaliou), Nicosia.
The ground floor, covering approximately 290 sq.m., comprises:
Reception area
Recording/control studio
Engine room
Orchestra and performance room
Office area
Server room
Kitchen
Toilets
The first floor, with an area of about 170 sq.m., is accessed via an external metal staircase and includes:
Six office rooms
Conference room
Server room
Kitchen
Toilets
Storage space
The building also features a provision for an elevator.
Positioned within the Dali Industrial Area, the asset is located approximately 1 km from the motorway, offering excellent connectivity. The immediate area is predominantly industrial, comprising warehouses, workshops, factories, and storage units.
Planning Zone: Bα3
Building density: 100%
Coverage ratio: 60%
Maximum number of floors: 2
Energy Efficiency Rating: C
The ground floor includes two offices, a kitchen, two restrooms, a dedicated WC for persons with disabilities, and a large storage area. The mezzanine level, accessible via internal stairs, offers additional office and storage space, along with an emergency exit staircase leading directly outside.
The entire structure is constructed using durable, energy-efficient sandwich panels, ensuring long-term performance and sustainability.
• Conversion & Facilities:
This warehouse has been expertly converted into a high-specification recording, dubbing, and post-production studio, tailored to meet the professional demands of both local and international clients, particularly from the UK and wider Europe.
Completed in 2007/2008 at a cost of several hundred thousand euros, the transformation was carried out within the scope of existing planning permissions and adheres to top industry standards.
• Ground Floor Studio:
The ground floor studio features a welcoming reception area, office, cafeteria, kitchen, restrooms, a large control room with an integrated voice booth, and a spacious live room engineered for superior acoustics.
The space is fully soundproofed using reinforced concrete and specialized acoustic materials, delivering exceptional audio quality. There is also a provision for lift installation connecting to the upper floor.
• Mezzanine Studio:
The mezzanine level is equipped with five professional dubbing booths, office spaces, restrooms, a kitchen, and dedicated technical rooms for server racks and storage. The layout is designed to support efficient and seamless production workflows.
Connect with Monday Square today and find a better investment opportunity!
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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