Mixed-use building in Strovolos, Nicosia

Description

Positioned on Strovolou Avenue in the Chryseleousa Quarter, just 50m from Agia Marina Primary School and 150m from Pericleous Avenue, this mixed-use building offers a covered area of 496sqm on a plot of 477sqm with 29m of road frontage. The building comprises a basement of 130sqm, two shops of 120sqm each on the ground floor and two apartments with internal areas of 128sqm each on the first floor — all currently vacant. Significantly, the plot can be redeveloped into a commercial building with basement, ground floor and five floors, including an underground parking area, a ground floor with additional parking spaces and an entrance lobby, plus five floors with a net area of approximately 128sqm each and common areas, with parking for 6 cars on the ground floor and 6 in the basement. Falling within a commercial zone (EB3) allowing 160% building density, up to 6 floors and a maximum height of 24m, and built in 1950 (Energy Class D), the property offers close proximity to all amenities and easy access to the center of Nicosia, and is offered for sale at €405,000 with no VAT.