Description

Location • The property is ideally situated in one of the capital’s most central and commercial streets. • The location offers excellent visibility, accessibility, and immediate proximity to numerous amenities and services. Asset Characteristics This five-storey mixed-use building with mezzanine and basement comprises: • Ground Floor: o One retail shop (30 sq.m.) with 30 sq.m. mezzanine o One retail shop (120 sq.m.) with 120 sq.m. mezzanine • 1st–3rd Floors: o Each floor approx. 190 sq.m., divided into two offices of 95 sq.m. each • 4th Floor: o Two-bedroom penthouse (106 sq.m. internal area & 84 sq.m. uncovered verandas) • Basement: o Approx. 340 sq.m., including parking spaces and storage areas The property falls within Planning Zone Eβ3 (160% density, 50% coverage, 6 floors, 24m height). Advantages & Special Features • Prime central commercial location • Mixed-use asset (retail, offices & residential) • On-site parking and storage facilities • Current rental income: €61,568 (4.1% yield) • Potential rental income upon full tenancy: €92,168 (6.2% yield) • Immediate upside from vacant offices and penthouse A strong income-producing asset with further growth potential in one of Nicosia’s most established commercial areas.