Investments/Buildings For Sale, Lefkosia, Strovolos

An exceptional investment opportunity in a five-storey mixed-use building with mezzanine and basement, ideally located, one of the capitals’ most central commercial streets.

The building comprises of:
Ground Floor:
•One small retail shop of approximately 30 sq.m., with a mezzanine of approximately 30 sq.m.
•One large retail shop of approximately 120 sq.m., with a mezzanine of approximately 120 sq.m.
•1st – 3rd Floors:
Each floor of approximately 190 sq.m. is divided in 2 separate office spaces of approximately 95 sq.m. each and suitable for professional use.
•4th Floor:
A two-bedroom penthouse apartment of approximately 106 sq.m of internal areas and approximately 84 sq.m. of of uncovered verandas.
•Basement area of approximately 340 sq.m.

Most floors are tenanted with a current rental amount of €61.568 and a current yield of 4.1%.
Office 201, office 302 and penthouse apartment are vacant with a potential market rent of €30.600.
Subject to full tenancy the property should have a total rental amount of €92.168 and a yield of 6.2%.

Additionally, the property benefits from parking spaces and storage rooms located on the ground floor and basement level, enhancing functionality for both commercial and residential tenants.

The asset enjoys a prime central location, within walking distance to numerous amenities and services.

The property falls within Planning Zone Eβ3, which allows:
•Building Density: 160%
•Coverage: 50%
•Maximum Floors: 6
•Maximum Height: 24 metres Energy Class: G

Summary