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Investment Opportunity
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Mixed-use Commercial Building in Strovolos, Nicosia
Nicosia, Strovolo
€1,454,000
Overview
Reference 6039
Floors: 5
Year of Construction: 1990
Parking Spaces: 11
Status: Resale
Structure: Concrete
Facade: Concrete
Title Deed: Yes
Covered:976m²
Plot:456m²
An exceptional investment opportunity in a five-storey mixed-use building with mezzanine and basement, ideally located on Acropoleos Avenue, one of the capitals' most central commercial Avenues.

The building comprises of:
Ground Floor:
• One small retail shop of approximately 30 sq.m., with a mezzanine of approximately 30 sq.m.
• One large retail shop of approximately 120 sq.m., with a mezzanine of approximately 120 sq.m.
• 1st – 3rd Floors:
Each floor of approximately 190 sq.m. is divided in 2 separate office spaces of approximately 95 sq.m. each and suitable for professional use.
• 4th Floor:
A two-bedroom penthouse apartment of approximately 106 sq.m of internal areas and approximately 84 sq.m. of of uncovered verandas.
• Basement area of approximately 340 sq.m.

Most floors are tenanted with a current rental amount of €65.960 and a current yield of 4.5%.
Offices 102, 302 and penthouse apartment are vacant with a potential market rent of €31.200.
Subject to full tenancy the property should have a total rental amount of €97.160 and a yield of 6.7%.

Additionally, the property benefits from 11 parking spaces and storage rooms located on the ground floor and basement level, enhancing functionality for both commercial and residential tenants.

The asset enjoys a prime central location, within walking distance to numerous amenities and services. It is situated approximately 20 metres southwest of Ayios Demetrios traffic lights and around 150 metres southeast of Makarios Hospital, ensuring excellent accessibility and strong commercial visibility.

The property falls within Planning Zone Eβ3, which allows:
• Building Density: 160%
• Coverage: 50%
• Maximum Floors: 6
• Maximum Height: 24 metres

Pending issuance of Energy Performance Certificate.
Facilities
Aircondition, Central system
Parking, Underground
Features
Veranda, front
Veranda, large
Quiet area
Rental potential
En suite bathroom
En suite shower
Modern design
Walking distance to beach
Open plan
Investment opportunity
Suitable for work
Bright
Balcony, front
Balcony
Combined kitchen and dining area
City view
Connected to electric mains
Country view
Double glazing
Easy access to highway
Easy access to main roads
Excellent condition
Heart of city center
Main road
Municipal water/sewage
Near amenities
Near bus route
Next to green area
Sound insulation
Spacious rooms
Veranda
Distances
Amenities: 200 m
Airport: 50 km
Sea: 40 km
Public transport: 100 m
Schools: 200 m
Resort: 40 km
Currency
Agent
Konstantinos Giorkas Assistant Estate Agent konstantinos.g@propwellgroup.com (+357) 24000010
Contact
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