Description

Location: • Situated in the highly sought-after Agios Dimitrios of Strovolos, the property enjoys a prime, central position. • It is located 400m of Limassol Avenue. The area is established, well-connected, and ideal for residential development, with immediate access to schools, services, and commercial amenities. Asset Characteristics: • The property is a two-storey mixed-use building on a 614 sq.m. plot, currently generating rental income. • The ground floor includes a front shop with four rooms and two toilets and a split-level back shop used as an office with an open-plan working area, kitchenette, and toilets. • The first floor comprises office space with an entrance lobby, open-plan area, conference room, separate offices, kitchen, and toilets. Covered verandas total 8 sq.m., while the total building area is 350 sq.m. Advantages: • The property provides immediate rental income while offering excellent potential for future residential redevelopment. Planning parameters allows the development of modern apartments in a location with strong demand. Acquisition is via the Special Purpose Vehicle (SPV), enabling a transaction free of Transfer Fees and VAT. Special Features: • Strategically positioned in a prime Strovolos location • Mixed-use building with shops and office space • Immediate cash flow from existing tenants • Strong redevelopment potential for modern residential units • Convenient SPV structure for tax-efficient acquisition