Five-Storey Incomplete Mixed-Use Building with Basement | Chryseleousa | Strovolos | Nicosia

A unique investment opportunity to acquire a five-storey mixed-use building with a basement, located in a high-demand, low-supply area for both commercial and residential properties in the Municipality of Strovolos, Chryseleousa Quarter, Nicosia.

The property is currently in an incomplete stage (shell & core), offering developers or owner-occupiers the flexibility to customize the internal configuration and finishes according to their specific operational or investment requirements.

This asset combines commercial, office, and residential potential, making it suitable for mixed-use development, corporate headquarters, or income-generating investment.

Building Composition

Ground Floor

• Retail shop: approximately 227 sq.m.

Mezzanine

• Office / commercial space: approximately 121 sq.m.

1st – 3rd Floors

• Office spaces: approximately 179 sq.m. per floor

4th Floor

• Spacious apartment / penthouse: approximately 194 sq.m.

Basement

• Approximately 435 sq.m.
• Parking spaces
• Auxiliary and storage rooms

Additional Areas

• Covered verandas: approximately 98 sq.m.
• Communal areas: approximately 111 sq.m.

Location

The property is strategically located in a well-established commercial and residential area with strong demand and excellent accessibility.

• Within walking distance to universities, supermarkets, cafes, and restaurants
• Adjacent to Vyzantiou Street
• Approximately 100 meters southeast of Griva Digeni Avenue
• Approximately 200 meters southwest of the Prodromou & Vyzantiou junction
• Located in the highly desirable Chryseleousa area of Strovolos

This prime location ensures excellent visibility, accessibility, and long-term investment value.

Planning & Zoning

Planning Zone: Εβ3 (Commercial)

• Maximum Building Density: 160%
• Maximum Coverage: 50%
• Maximum Height: 24 meters
• Maximum Floors Allowed: 6

Property Details

General

• Completion Status: Incomplete
• Energy Performance Certificate: Pending issuance
• View: City
• Terrain: Flat

Plot

• Land Area: 496 sq.m.
• Frontage: 22 m

Building

• Total Building Size: 1,514 sq.m.
• Year Built: 2012
• Total Floors: 5
• Elevator: 1
• Total Parking Spaces: 15

Investment Advantage

The property is held within a Special Purpose Vehicle (SPV). Acquisition of the company shares results in:

• No Transfer Fees
• No VAT applicable to the transaction

This structure offers a significant financial advantage for investors.

Important Notes

• The property is owned by another company, an SPV
• When purchasing the shares of the company, transfer fees will not be applicable
• Highlighted areas in marketing materials are for identification purposes only