Building for sale in Strovolos, Nicosia

This mixed-use building offers a great investment opportunity with a ground floor shop currently being rented and generating a steady income whilst benefiting from high foot traffic and excellent visibility.

• The shop, which has approximately 53 sq.m. of internal areas and a mezzanine of approximately 17sq.m., has a rental agreement that will expire on 31/03/2030.
• Part of the mezzanine also includes a two bedroom apartment of approximately 70 sq.m. of internal areas.
• On the first floor there is a four bedroom apartment of approximately 113 sq.m. of internal areas and a 14 sq.m. covered veranda.
• On the second floor there is a 92 sq.m. apartment with a 14 sq.m. covered and 21 sq.m. uncovered veranda.
• On the third floor there is a 53 sq.m. apartment with a 30 sq.m. (front) uncovered veranda and a 23 sq.m. (back) uncovered veranda.
Each flat is spacious and suitable for residential or even office use, subject to acquiring the relevant permits.
With some refurbishment, these units can attract high-quality tenants, substantially boosting the property's overall yield.

The location is considered ideal as it is situated in Chryseleousa-Strovolos, Nicosia and abuts Tseriou and Strovolou Avenue giving an easy access to all amenities need, city center, schools, shops, restaurants, etc.
The property provides immediate income from the shop and substantial growth potential through the leasing of the flats, ideal for investors seeking a mix of stable returns and high-yield potential.