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 2.4% ROI, with potential to reach 5.0% 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.

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