Incomplete Commercial Building in Strovolos, Nicosia
| Commercial Building | DP-CY17838
Description
The property is a five-storey mixed-use building with a basement, located in the high-demand and low-supply area of Strovolos Municipality, Chryseleousa Quarter, Nicosia District.
The property is currently in an incomplete shell and core condition, offering a developer or owner-occupier the flexibility to customize all internal finishes according to specific requirements and project vision.
The building comprises a ground floor retail shop of approximately 227 sq.m. with an additional mezzanine of 121 sq.m. Floors one to three each provide office spaces of approximately 179.5 sq.m., while the fourth floor consists of a spacious apartment/penthouse of approximately 194.5 sq.m.
The basement extends to approximately 435 sq.m. and includes parking spaces as well as auxiliary and storage areas. In addition, the property benefits from approximately 98 sq.m. of covered verandas.
Its prime location ensures excellent visibility and accessibility, making it suitable for both commercial and residential exploitation.
The property is held within a Special Purpose Vehicle (SPV), and the acquisition of the company shares results in no Transfer Fees and no VAT being applicable to the transaction, enhancing its overall investment appeal.