Incomplete Six-Storey Mixed-use Building | Strovolou Avenue | Nicosia

An excellent development and investment opportunity in an incomplete six-storey mixed-use building, ideally located on Strovolou Avenue, one of the highest-traffic commercial roads in Nicosia.

The property is currently at an incomplete stage of construction, offering significant potential for refurbishment, renovation, or redevelopment. Its mixed-use configuration makes it suitable for commercial, office, and residential purposes, providing flexibility for investors or developers seeking a high-visibility urban asset.

The building comprises six floors and a basement parking area, previously designed to accommodate retail units, office spaces, and residential apartments.

Property Layout

Basement

• Parking facilities
• Storage and service areas

Ground Floor

• Two open-plan retail shops
• Each shop includes:
  • 2 toilets
  • 2 kitchenettes
  • Mezzanine level with toilet and kitchenette
• 18 parking spaces

1st to 5th Floors

• Identical office floor layouts
• Reception areas
• Office spaces
• 6 toilets per floor
• 2 kitchenettes per floor

6th Floor

• Designed to accommodate:
  • Two (2) three-bedroom apartments
  • Walk-in wardrobes
  • En-suite showers

Development Potential

• The property benefits from remaining building density and coverage, which enhances its redevelopment value.
• Density calculated: 1,717 sq.m.
• Coverage calculated: 583 sq.m.
• Any unused building rights benefit the subject share.

Title deeds can be issued subject to obtaining the relevant permits, licenses, and fulfillment of applicable obligations.

Location

The property enjoys a prime commercial position (Nicosia-Dimos-Strovolou-Chryseleousa) with excellent accessibility and visibility:

• Located directly on Strovolou Avenue
• Road frontage: approximately 42 meters
• Approximately 100 meters southwest of Athalassis Avenue and Strovolou Police Station
• Approximately 80 meters from the junction connecting Strovolou and Athalassis Avenue
• Approximately 350 meters south of the roundabout connecting:
  • Strovolou Avenue
  • Dimostheni Severi Avenue
  • Kyriakou Matsi Avenue
• East of Pediaios River

This strategic location ensures strong long-term demand for commercial and mixed-use development.

Planning & Zoning

Zone: Εβ3

• Building coefficient: 160%
• Coverage: 50%
• Maximum floors: 6
• Maximum height: 24 meters

Property Details

General

• Completion Status: Incomplete
• Occupancy Status: Vacant
• Energy Efficiency Rating: H

Plot

• Land Area: 2,298 sq.m.
• Frontage: 42 m
• Terrain: Flat

Building

• Total Building Size: 2,526 sq.m.
• Year of Construction: 2002
• Total Parking Spaces: 52