For Sale
€550,000
This mixed-use building offers a good investment opportunity with a ground floor shop currently being rented, generating a steady income.
The shop, which is around 53 sqm with a 17sqm mezzanine, 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 rest of the mezzanine has a two bedroom apartment with approximately 70sqm internal areas. On the first floor there is a three bedroom apartment of approximately 113sqm internal areas and with a 14sqm covered veranda, on the second floor there is a 92sqm apartment with a 14sqm covered and 21sqm uncovered veranda and on the third floor there is a 53sqm flat with a 30sqm front and a 23 sqm back uncovered verandas. 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.