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Commercial office building strovolos, 976 sq.m.,

Update TopAd

Nicosia, Strovolos - Acropolis

Posted: Today 11:27 Ad ID: 6450843

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Reference number: 2365960
Area: 976 m²
Type: Building
Condition: Resale
Plot area: 466 m²
Construction year: Older
Energy Efficiency: B
Square meter price: €1.490 /m²

Location: Nicosia — Strovolos - Acropolis

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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 streets.

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 €74.960 and a current yield of 5.1%.

Office 302 and penthouse apartment are vacant with a potential market rent of €22.200.

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 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

Omega Real Estate Cyprus Ltd AM1097 AA310/E

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Technical inspection:

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andreas.chrysos@hotmail.com

+357 96 504 296
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info@paraschou.com.cy

+357 22 622 262
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+357 22 377 004
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CTA LAW FIRM C.T. Antoniou & Co LLC

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+ 357 22 516 838
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+357 99 592 218