Commercial building at nicosia centre
Yield-producing five-storey mixed-use commercial building with mezzanine and basement, ideally positioned on Acropoleos Avenue in Strovolos, Nicosia. The property sits on a 456 sq.m. plot with a total building area of approximately 976 sq.m. and comprises two ground-floor retail shops (30 sq.m. and 120 sq.m., each with mezzanine areas of equal size), three floors of offices (approx. 190 sq.m. per floor divided into two office units each), a two-bedroom penthouse apartment of 106 sq.m. with 84 sq.m. uncovered verandas, and a 340 sq.m. basement with storage and parking facilities.
The asset currently generates €61,568 annual rental income (approx. 4.1% yield) with several units already tenanted, while Office 201, Office 302, and the penthouse apartment are vacant, offering an estimated additional market rental potential of €30,600. Upon full occupancy, the building is expected to achieve total annual rent of approximately €92,168 and a yield of around 6.2%.
The property benefits from three parking spaces and storage rooms, strong visibility, and a prime commercial location 20m from Agios Demetrios traffic lights and about 150m from Archbishop Makarios III Hospital.It falls within Planning Zone Εβ3, allowing 160% building density, 50% coverage, and up to 6 floors (24m height).
Connect with Monday Square and find a better investment potential!
-
Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
-
Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
-
Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
-
Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
-
Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
Similar ads
Check for updates in favorites section
-
This account has a verified association with E-mongolia -
Verified since
-
Your ad will be marked as verified
-
Advertising will receive more attention and trust