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Two-storey building in acropolis, strovolos

Nicosia, Strovolos - Acropolis
Posted: Today 15:23 Ad ID: 6558830
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  • Reference number: 15240
  • Condition: Resale
  • Plot area: 521 m²
  • Property area: 411 m²
  • Construction year: Older
  • Energy Efficiency: N/A
  • Square meter price: €1.764 /m²
Location: Nicosia — Strovolos - Acropolis
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Situated in the highly sought-after area of Acropolis, Strovolos, near The English School and within walking distance of Agios Demetrios Park, this two-storey detached building presents an excellent investment opportunity. Currently configured as office space, the property offers immediate income-generating potential while also benefiting from strong future redevelopment prospects.

Property Highlights:

• Total enclosed area: 411 sqm

• Plot area: 521 sqm

• Built around 1968 and repainted in 2023

• Covered verandas: 18 sqm

• Uncovered verandas: 27 sqm

• Corner plot with approximately 42m frontage

• Flat and regular-shaped plot

Current Layout:

• Reception areas on both floors

• 14 offices in total, including a manager’s office

• Conference room

• Server room

• Two kitchens

• Multiple toilets and bathrooms

• Storage rooms

Additional Features:

• Marble flooring and parquet flooring in offices

• Split-unit air conditioning throughout

• Double-glazed aluminium windows

• Garden, parking areas, balconies, playroom, and storage space

Development Potential:

• Planning Zone: Κα4

• Building Density: 120%

• Coverage: 50%

• Maximum Floors: 3

• Maximum Height: 13.5m

The existing building can continue to generate rental income, while the plot’s favourable planning characteristics make it an attractive option for future residential redevelopment, including the construction of an apartment building in one of Nicosia’s most desirable residential locations.

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Run a full technical and legal real estate check today
  • Technical inspection:
    HOME CHECK
    +357 96 504 296
  • Legal inspection:
    CTA LAW FIRM C.T. Antoniou & Co LLC
    + 357 22 516 838
  • Technical inspection:
    SQUARE ARCHITECTS
    +357 99 592 218
  • Legal inspection:
    M.PARASCHOU LAW Advocates & Legal Consultants
    +357 22 622 262
  • Technical inspection:
    HOMESURV
    +357 22 377 004

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€725.000
€1.764/m²
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Landbank Property Consultants Ltd Landbank Property Consultants Ltd
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Posting since jun, 2021

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