Property 2000 Strovolos, Nicosia / 49276
Prime Mixed-use Building In Agios Dimitrios, Generating Rental Income.
For Sale • Deal
682,000€
Estimated Mortgage
/month
350
m2
614
Plot m2
Overview
Property Description
Location:
- • Situated in the highly sought-after Agios Dimitrios of Strovolos, the property enjoys a prime, central position.
- • It is located 400m of Limassol Avenue.
- The area is established, well-connected, and ideal for residential development, with immediate access to schools, services, and commercial amenities.
Asset Characteristics:
- • The property is a two-storey mixed-use building on a 614 sq.m.
- plot, currently generating rental income.
- • The ground floor includes a front shop with four rooms and two toilets and a split-level back shop used as an office with an open-plan working area, kitchenette, and toilets.
- • The first floor comprises office space with an entrance lobby, open-plan area, conference room, separate offices, kitchen, and toilets.
- Covered verandas total 8 sq.m., while the total building area is 350 sq.m.
Advantages:
- • The property provides immediate rental income while offering excellent potential for future residential redevelopment.
- Planning parameters allows the development of modern apartments in a location with strong demand.
- Acquisition is via the Special Purpose Vehicle (SPV), enabling a transaction free of Transfer Fees and VAT.
Special Features:
- • Strategically positioned in a prime Strovolos location
- • Mixed-use building with shops and office space
- • Immediate cash flow from existing tenants
- • Strong redevelopment potential for modern residential units
- • Convenient SPV structure for tax-efficient acquisition
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Electricity
Water
Location
45.73 kms
108.58 kms
3.03 kms
3.29 kms
3.76 kms
3.77 kms
4.31 kms
4.89 kms
4.91 kms
5.01 kms
5.29 kms
5.43 kms
5.45 kms
5.81 kms
5.83 kms
2.53 kms
5.07 kms
5.07 kms
5.26 kms
5.33 kms
5.36 kms
5.46 kms
5.55 kms
5.61 kms
6.10 kms
6.25 kms
6.39 kms
9.11 kms
Transfer Fees
Transfer Fees Individual
23,880 €
Transfer Fees Joint Names
20,480 €
Stamp Duty
1,272 €