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A unique investment opportunity in a five-storey building with a basement, located in a high-demand and low supply area for commercial and residential properties, in Strovolos Municipality, Chryseleousas quarter, Nicosia District.
A unique investment opportunity: A five-storey mixed-use building with a basement, located in a high-demand, low-supply area of Strovolos (Chryseleousa Quarter), Nicosia.
This asset offers a versatile layout, currently in an incomplete state (shell & core), providing a developer or owner-occupier the opportunity to customize all internal finishes to their specific requirements.
Building Composition:
•Ground Floor Shop: Approx. 227 sq.m.
•Mezzanine: Approx. 121 sq.m.
•Floors 1–3: Office spaces of approximately 179,5 sq.m. per floor.
•4th Floor: A spacious apartment/penthouse of approximately 194,5 sq.m.
•Basement: 435 sq. m. comprising parking spaces and auxiliary/storage rooms.
•Verandas: Approximately 98 sq. m. of covered outdoor space.
Strategic Location:
The building is situated within walking distance of universities, supermarkets, cafes, and restaurants. It abuts Vyzantiou Street, located approximately 100 m. southeast of Griva Digeni Avenue and 200 m. southwest of the Prodromou and Vyzantiou intersection. This prime location ensures excellent visibility and accessibility.
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT applying to the transaction.
Year Built: 2012
15 parking spaces
1st unit
Main area size: 435 sqm
Floor: Basement L1
WCs: 1
Parking spaces: 14
Interior storage rooms: 1
2nd unit
Main area size: 227 sqm
Parking spaces: 1
3rd unit
Main area size: 121 sqm
Floor: 1st
WCs: 2
4th unit
Main area size:194 sqm
Floor: 4th
Kitchens: 1
WCs: 2
5th unit
Main area size: 179 sqm
Floor: 3rd
Kitchens: 1
WCs: 2
Interior storage rooms: 1
6th unit
Main area size: 179 sqm
Floor: 2nd
Kitchens: 1
WCs: 2
7th unit
Main area size: 179 sqm
Floor: 1st
Kitchens: 1
WCs: 2
7th unit
Main area size: 179 sqm
Floor: 1st
Kitchens: 1
WCs: 2
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 8281553. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.
