Prominently situated on Acropoleos Avenue in Strovolos, Nicosia, just 20 meters from the Agios Demetrios traffic junction and 150 meters from Makarios Hospital, this prime five-storey mixed-use building represents an exceptional, yield-generating investment in one of the capital's central commercial corridors.
Spanning a flat 456 sq.m. plot within Planning Zone Eb3 (160% building coefficient, 50% coverage, up to 6 floors/24m height), the structure features two ground-floor retail units (30 sq.m. and 120 sq.m. with matching mezzanines), six office suites across the first three floors (approx. 95 sq.m. each), a top-floor two-bedroom penthouse with 106 sq.m. of internal space and an 84 sq.m. uncovered veranda, plus a 340 sq.m. basement level offering essential storage and 11 parking spaces.
Currently partially tenanted and generating €65,960 annually (4.5% yield at current asking price), immediate upside can be realized by leasing vacant units—specifically Offices 102, 302, and the residential penthouse—to unlock an additional €31,200 in annual market rent, bringing full potential returns to €97,160 per year (6.7% yield at current asking price). Supported by a 340 sq.m. basement level, dedicated storage, and 11 parking spaces across the ground and basement levels, this high-visibility asset is perfectly equipped to deliver strong commercial returns in a premier capital location.
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