Investment 1 008 m² in Strovolos, Cyprus

Description •The property is a free standing office building with a total area of 1008m², located in Strovolos area near the presidential house. • The building comprises of a basement including storerooms and parking, ground floor, mezzanine and first floor • A planning permit has been applied to secure the unutilized building density for two additional floors of approximately 400m². It has unutilized building coefficient which allows for two more floors to be added to it.  Structurally it has been checked and it is ready for the addition. • 15 parking spaces in total, 13 on basement and 2 on the ground floor level and three store rooms are available at basement Area Profile • The street enjoys good accessibility to Nicosia city center and the surrounding areas. Property Profile Ground Floor Occupied 240m² 2 Parking spaces Mezzanine Occupied 154m², First floor Occupied 240m², Basement Occupied 374m² 13 parkings & 3 store rooms. Property Characteristics  • The property was fully renovated in August 2020, with raised floor on the ground floor, partitions, electrical installations, structured cabling, lights and brand new finishes throughout. • Tenancy agreement with annual rental income euro 72K/annum, in place since September 2020.