Enclosed area: 560 m²
Mezzanine: 155 m²
Land: 733 m²
Year built: 2000
Title deed: The property has a separate title deed

Parking : 20 Covered
Air condition
Lift

Commercial building in an excellent location in Strovolos Municipality, on Athalassas Avenue, which is considered one of the busiest Avenues of Nicosia. Specifically, it is located 500 meters (approx.) east of the intersection of Strovolou and Athalassas Avenues, 350 meters southwest of the “Sxoli Tiflon” Amphitheater and 250 meters southeast of the English School.

The property is ideally situated close to a plethora of amenities and services. In addition, it has excellent access to the city center and the motorway. In general, it is an attractive and lively location as Strovolou avenue is considered one of the most active avenues in Nicosia.

The building was constructed 20 years ago (approx.), is in a very good condition and consists of two basements with parking spaces, two ground floor shops with mezzanine level and offices on the upper floor. The area of the shops is 300 sqm (approx.), the mezzanine 155 sqm (approx.), the offices 250 sqm (approx.) and the basements 1,100 sqm (approx.).

The property is rented for €7,030/month with a return of 5.1%. One office on the 1st floor is vacant.

It needs to be noted that the property falls within the commercial zone Εβ3 which allows for a building factor of 160%, and for the construction of a six-storey building.

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