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 approximately €75,000 annual rental income (approx. 5.1% yield) with most of the units already tenanted, while Office 302 and the penthouse apartment are vacant, offering an estimated additional market rental potential of €22,000. Upon full occupancy, the building is expected to achieve total annual rent of approximately €92,000 and a yield of around 6.3% at current asking price.

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!