This portfolio of properties represents a rare opportunity to acquire a mixed-use property block in the heart of Themistokli Dervi Street, Nicosias Central Business District (CBD). Total built area of ~530 m² (enclosed ~454 m²).

The portfolio comprises :

- Retail Units (Ground Floor) :
- Shop 1 (No. 8 + Mezzanine 4): 33 m² ground floor + 13 m² mezzanine = 46 m²
- Shop 2 (No. 10 + Mezzanine 3): 71 m² ground floor + 32 m² mezzanine = 103 m²

Total Shops: 149 m². Status: Two shops currently vacant (under negotiation for new leases), offering immediate lease-up potential.

- Office Units (1st Floor)

- Office 1 (No. 1, Door 005): 68 m² internal + 36 m² covered veranda = 104 m²
- Office 2 (No. 2, Door 004): 54 m²
- Office 3 (No. 3, Door 003): 48 m² internal + 16 m² covered veranda = 64 m²
- Office 4 (No. 4, Door 001): 66 m²
- Office 5 (No. 5, Door 002): 69 m² internal + 24 m² covered veranda = 93 m²

Total Offices: 381 m²

The portfolio offers a dual investment strategy:

- Lease Stabilization By re-leasing the vacant shops/offices and renegotiating below-market rents, the investor can significantly uplift the Net Operating Income (NOI).
- Potential to convert into short-term rental units / serviced apartments, leveraging the central location and achieve 6%+ yields at stabilized occupancy.

Key Investment Highlights

- Prime CBD location with strong demand for both retail and office space.
- Rare mixed-use block under single ownership.
- No VAT.

Current NOI below market due to vacancies clear upside.
Stabilized NOI and short-term rental conversion scenario create multiple exit strategies.