1008m² Building for Sale in Strovolos, Nicosia District

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.