£590,205
Land for sale
Property photos
Just added
Offers in region of
£590,205
€682,000
Land for sale
Acropolis, Nicosia, Cyprus1 reception
Local area information
Property location
This location is approximate only. Contact the agent for the exact address.
Nearby amenities
Features and description
- Unfurnished
- Listing id:
- Online viewing available. Request details for a live walkthrough.
Online viewing available.\nAn exceptional investment opportunity in one of Strovolos most desirable residential areas, Agios Dimitrios Quarter, Nicosia.
The property comprises a two-storey mixed-use building strategically positioned in a prime location ideal for future residential redevelopment.
The asset currently generates rental income, allowing the purchaser to benefit from immediate cash flow while proceeding with planning and permit applications for redevelopment.
Property Specification:
• Land Area: 614sq.m.
• Ground Floor: 150 sq m.
• 1st Floor: Office: 200 sq.m. – Rented
• Covered verandas: 8 sq.m.
The building consists of a shop on the west section (front of the building), a shop on the east (back of the building), which is used as an office space, and an apartment on the whole first floor of the building, which is also used as an office space.
• The ground floor shop consists of four rooms and two toilets.
• The back shop, which is split-level, consists of an open-plan working area as well as a kitchenette and toilets.
• The first-floor office space consists of an entrance lobby area, an open plan working area, a conference room and separate office rooms, a separate kitchen area, and toilets (Rented).
The planning parameters make the site highly suitable for the development of modern residential apartments in a location with strong demand and excellent accessibility.
Location Highlights
• On the east side of Thermopylon Street
• Approximately 50m south of Armenias Avenue
• Approximately 100m northeast of Agios Demetrios Primary School
• Approximately 400m west of Limassol Avenue
The area is established, centrally located, and considered prime for residential development, offering immediate access to main roads, schools, services, and commercial amenities.
The property is held within a Special Purpose Vehicle (spv). Acquiring the company shares results in no Transfer Fees and no VAT applying to the transaction.
You can tour this property via live video chat. We perform video walkthroughs via your favorite mobile chat app (Whatsapp or Viber). Request a viewing now.
The property comprises a two-storey mixed-use building strategically positioned in a prime location ideal for future residential redevelopment.
The asset currently generates rental income, allowing the purchaser to benefit from immediate cash flow while proceeding with planning and permit applications for redevelopment.
Property Specification:
• Land Area: 614sq.m.
• Ground Floor: 150 sq m.
• 1st Floor: Office: 200 sq.m. – Rented
• Covered verandas: 8 sq.m.
The building consists of a shop on the west section (front of the building), a shop on the east (back of the building), which is used as an office space, and an apartment on the whole first floor of the building, which is also used as an office space.
• The ground floor shop consists of four rooms and two toilets.
• The back shop, which is split-level, consists of an open-plan working area as well as a kitchenette and toilets.
• The first-floor office space consists of an entrance lobby area, an open plan working area, a conference room and separate office rooms, a separate kitchen area, and toilets (Rented).
The planning parameters make the site highly suitable for the development of modern residential apartments in a location with strong demand and excellent accessibility.
Location Highlights
• On the east side of Thermopylon Street
• Approximately 50m south of Armenias Avenue
• Approximately 100m northeast of Agios Demetrios Primary School
• Approximately 400m west of Limassol Avenue
The area is established, centrally located, and considered prime for residential development, offering immediate access to main roads, schools, services, and commercial amenities.
The property is held within a Special Purpose Vehicle (spv). Acquiring the company shares results in no Transfer Fees and no VAT applying to the transaction.
You can tour this property via live video chat. We perform video walkthroughs via your favorite mobile chat app (Whatsapp or Viber). Request a viewing now.
Floor plans and tours
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
ADDRESS ESTATE AGENTS LTD
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - ADDRESS ESTATE AGENTS LTD. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact ADDRESS ESTATE AGENTS LTD for full details and further information.