Commercial building at strovolos
Prime mixed-use investment and redevelopment opportunity located in the Agios Dimitrios Quarter of Strovolos, Nicosia. The property sits on a 614 sq.m. plot and comprises a two-storey building totaling 350 sq.m., including 150 sq.m. ground floor retail space and a 200 sq.m. first-floor office, currently generating rental income. The ground floor features two shop units with multiple rooms and WCs, while the first floor office includes an entrance lobby, open-plan workspace, conference room, private offices, kitchen area, and toilets, and is currently leased.
At current listing price, the asset provides immediate income with approximately 3% ROI, with potential to reach 5.5% upon full occupancy, while also offering excellent redevelopment potential under Residential Planning Zone Κα4, allowing 140% building density, 50% coverage, and up to 4 floors (17m height)—ideal for a modern residential apartment project.
Strategically positioned 50m south of Armenias Avenue, 100m from Agios Demetrios Primary School, and 400m west of Limassol Avenue, the property benefits from strong accessibility and demand. The asset is held through an SPV (Adariano Investments Limited), enabling acquisition via company share purchase with no transfer fees and no VAT applicable. Energy Performance Certificate pending.
Connect with Monday Square today and find a better investment opportunity!
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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: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:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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