€1,940,000
Three-storey building in Strovolos
Nicosia, Strovolos
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Overview
Reference 6514
Floors: 3
Year of Construction: 2002
Parking Spaces: 22
Covered:1616m²
Plot:926m²
This three-storey building presents a prime investment opportunity, ideal for generating stable rental income or long-term capital appreciation. Its versatile design makes it suitable for commercial or mixed-use purposes, offering significant flexibility to maximize returns.

Building Composition:
•Ground Floor: Approximately 370 sq.m.
•Mezzanine: Approximately 186 sq.m.
•1st Floor: Whole-floor office space of approximately 230 sq.m.
•2nd Floor: Whole-floor office space of approximately 230 sq.m. (Currently rented at €2,950/month).
•Basement: Approximately 600 sq.m., accommodating dedicated parking spaces and auxiliary rooms.

Investment Highlight:
The 2nd floor is currently income-generating, providing an immediate monthly rental income of €2,950. This makes the asset particularly attractive to investors seeking an immediate return on investment (ROI).

Prime Location:
The asset is ideally positioned on Strovolou Avenue, one of Nicosia's highest-traffic commercial arteries, within the well-established Agios Vasilios quarter.
Key Location Highlights:
•High Visibility: Exceptional daily traffic flow and a strong business presence.
•Connectivity: Immediate access to cafés, restaurants, retail shops, banks, and essential services.
•Accessibility: Close proximity to schools, offices, and residential neighborhoods, with easy links to main roads and transport networks.

Note: Pending issuance of Energy Performance Certificate (EPC).

The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.


Viewing by appointment.

**IMPORTANT NOTICE: Any information provided by Homevision Real Estates Agents, such measurements, data, descriptions are subjective and solely for guidance purpose only. Interested parties are strongly advised to undertake their own investigation to confirm this information through personal inspection and/or consultation by Surveyor and Conveyancer. Photographs are provided for guidance only.
Facilities
  • Aircondition, Split system
  • Elevator
  • Parking, Uncovered
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