Property photos
£463,726
€550,000
Villa for sale
Strovolos, Nicosia, Cyprus4 baths
Local area information
Property location
This location is approximate only. Contact the agent for the exact address.
Nearby amenities
Features and description
This mixed-use building offers a good investment opportunity with a ground floor shop and mezzanine currently rented, generating a steady income. It is located in Chryseleousa, Strovolos, Nicosia.
Total building size 612sqm
Total floors 3
Total parking spaces 4
The shop has rental agreement that will expire on 31/03/2030. The shop benefits from high foot traffic and excellent visibility.
The three upper floors are vacant flats, one on each level, presenting significant potential for increased rental yield. 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.
Total building size 612sqm
Total floors 3
Total parking spaces 4
The shop has rental agreement that will expire on 31/03/2030. The shop benefits from high foot traffic and excellent visibility.
The three upper floors are vacant flats, one on each level, presenting significant potential for increased rental yield. 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.
More information
Listed by
SLV Estates Ltd
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