Retail premises for sale in Strovolos, Nicosia, Cyprus

Two-storey building which is located in a popular location, in the parish of Chryseleousa in the Municipality of Strovolos, in the province of Nicosia. It is located close to Makarios Stadium and the Technical School of Archbishop Makarios.

The surrounding area is mostly residential, while all commercial amenities and facilities are available within a short distance. It has also excellent access to the city center.

The building was constructed around 1988 and consists of a basement, shop with a mezzanine on the ground floor and an upstairs residence. Is good to be notice that the property abuts a green area on its eastern boundary.

The basement has an area of 278 sq.m. And consists of a single space which is used as a parking space, while its southern part has been converted into a studio.

The shop on the ground floor consists of two offices, two auxiliary offices, kitchen, sanitary areas with shower and workshop. The mezzanine consists of an auxiliary space which has been converted into two studios on site. The area of the ground floor is about 260 sq.m. Plus 25 sq.m. Covered verandas and 128 sq.m. Mezzanine.

The house on the first floor consists of a living room, dining room, office, laundry room, guest toilet, kitchen, fireplace, bathroom with toilet and three bedrooms, the main one with separate shower and toilet. The area of the house is approximately183 sq.m. And 51 sq.m. Covered verandas.

It is an ideal choice for investment.

It is noted that the property is in process of acquiring a Court Order for vacant possession (freehold). Additionally, it is expected to be vacated (freehold) at 31/07/2025 and in the meantime the occupant will be paying the amount of €1500/month.

Nicosia, the capital city of Cyprus, offers a multitude of compelling reasons to consider buying property in this vibrant and historic city. Here are some key factors that make Nicosia an appealing destination for real estate investment:

Strategic Location: Nicosia's central location in the heart of Cyprus makes it a strategic hub for business, trade, and tourism. Its proximity to major airports, seaports, and transportation networks ensures excellent connectivity within the island and beyond.

Cultural Heritage: Nicosia is steeped in rich cultural heritage, boasting a captivating blend of ancient history and modern charm. The city is home to numerous archaeological sites, museums, and historical landmarks, providing residents with a unique and immersive cultural experience.

Thriving Economy: Cyprus has a robust and resilient economy, and Nicosia serves as a major economic center. The city's strong financial services sector, thriving business environment, and favorable tax incentives make it an attractive destination for entrepreneurs and investors.

Quality of Life: Nicosia offers an excellent quality of life, combining a relaxed Mediterranean lifestyle with modern amenities. Residents can enjoy a pleasant climate, delicious cuisine, vibrant nightlife, and a range of recreational activities, including beautiful parks, golf courses, and sports facilities.

Educational Opportunities: Nicosia is home to renowned universities, making it an ideal destination for students and families seeking excellent educational opportunities. The city offers a diverse range of educational institutions, from international schools to prestigious universities, ensuring access to high-quality education.

Real Estate Investment Potential: Nicosia's real estate market presents a promising investment landscape. The city offers a wide range of properties, including apartments, houses, and commercial spaces, catering to various budgets and preferences. Over the years, property values have shown stability and consistent growth, making it an attractive choice for investors.