Commercial property 560 m² in Strovolos, Cyprus
Strovolos, Cyprus, Greater Nicosia
€1,65M
€2,946/m²
Location
Property characteristics
Property parameters
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Price per m²€2,946/m² -
Total area560 m²
Description
Commercial building in an excellent location in Strovolos Municipality, on one of the busiest Avenues of Nicosia.
The property is ideally situated close to a plethora of amenities and services. In addition, it has excellent access to the city center and the motorway. In general, it is an attractive and lively location as Strovolou avenue is considered one of the most active avenues in Nicosia.
The building was constructed 20 years ago (approx.), is in a very good condition and consists of two basements with parking spaces, two ground floor shops with mezzanine level and offices on the upper floor. The area of the shops is 300 sqm (approx.), the mezzanine 155 sqm (approx.), the offices 250 sqm (approx.) and the basements 1,100 sqm (approx.).
The property is rented for 7,080 Euros/month with a return of 4.6%. It needs to be noted that the property falls within the commercial zone Εβ3 which allows for a building factor of 160%, and for the construction of a six-storey building.
Updated at: 01/06/2024
Location on the map
Strovolos, Cyprus, Greater Nicosia
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