Studio Apartment for sale in Strovolos, Nicosia

This mixed-use building offers a good investment opportunity with a ground floor shop and mezzanine currently rented, generating a steady income. The shop has rental agreement that will expire on 31/03/2030. The shop benefits from high foot traffic and excellent visibility. It is located in Chryseleousa, Strovolos, Nicosia opposite of Tax department and abuts Tseriou Avenue. The three upper floors are vacant flats, one on each level, presenting significant potential for increased rental yield. Each flat is spacious , suitable for residential or even office use. With some refurbishment, these units can attract high-quality tenants, substantially boosting the property's overall yield. Situated in a central area, this 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 The property falls within Zone Eβ4, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.