Building, For Sale, Nicosia, Strovolos

Location
• The property is ideally situated in one of the capital’s most central and commercial streets.
• The location offers excellent visibility, accessibility, and immediate proximity to numerous amenities and services.
Asset Characteristics
This five-storey mixed-use building with mezzanine and basement comprises:
• Ground Floor:
o One retail shop (30 sq.m.) with 30 sq.m. mezzanine
o One retail shop (120 sq.m.) with 120 sq.m. mezzanine
• 1st–3rd Floors:
o Each floor approx. 190 sq.m., divided into two offices of 95 sq.m. each
• 4th Floor:
o Two-bedroom penthouse (106 sq.m. internal area & 84 sq.m. uncovered verandas)
• Basement:
o Approx. 340 sq.m., including parking spaces and storage areas
The property falls within Planning Zone Eβ3 (160% density, 50% coverage, 6 floors, 24m height).
Advantages & Special Features
• Prime central commercial location
• Mixed-use asset (retail, offices & residential)
• On-site parking and storage facilities
• Current rental income: €61,568 (4.1% yield)
• Potential rental income upon full tenancy: €92,168 (6.2% yield)
• Immediate upside from vacant offices and penthouse
A strong income-producing asset with further growth potential in one of Nicosia’s most established commercial areas.