Mixed-use commercial building - Acropoleos Avenue, Strovolos, Nicosia

Description

An outstanding opportunity to acquire a five-storey mixed-use building with mezzanine and basement, ideally located on Acropoleos Avenue, one of the most central and commercial streets of the capital.

🔹 Property Features
Ground Floor
• Small retail shop – approx. 30m² with 30m² mezzanine
• Large retail shop – approx. 120m² with 120m² mezzanine

1st – 3rd Floors
• Each floor approx. 190m²
• Divided into two office spaces (95m² each)
• Ideal for professional use

4th Floor
• 2-bedroom penthouse apartment
• 106m² internal areas
• 84m² uncovered verandas

Basement
• Approx. 340m² – suitable for storage and parking

🚗 Additional Benefits
• Parking spaces
• Storage rooms on ground floor and basement level
• Excellent functionality for commercial and residential tenants

💰 Investment Details
• Current rental income: €61,568 per year
• Current yield: 4.1%

📈 Potential Income
• Vacant units: Office 201, Office 302 & Penthouse
• Potential additional rent: €30,600
➡️ Total potential rental income: €92,168 per year
➡️ Potential yield: 6.2%

📍 Prime Location
• On Acropoleos Avenue
• Approx. 20m from Ayios Demetrios traffic lights
• Approx. 150m from Makarios Hospital
• Walking distance to shops, services, and amenities

📐 Planning Zone: Eβ3
• Building Density: 160%
• Coverage: 50%
• Maximum Floors: 6
• Maximum Height: 24m

⚡ Energy Performance Certificate: Pending

Reference: K46027AL