FOR SALE
Five-storey incomplete building with a basement in Chryseleousas, Strovolos, Nicosia
#45994Nicosia, Nicosia-Dimos-Strovolou-Chryseleousa
1.514 sqm
15 parking spaces
2012
Property
Description of the property
A unique investment opportunity in a five-storey building with basement, located in a high demand and low supply areas for commercial and residential properties, in Strovolos Municipality, Chryseleousas quarter, Nicosia District.
A unique investment opportunity: A five-storey mixed-use building with a basement, located in a high-demand, low-supply area of Strovolos (Chryseleousa Quarter), Nicosia.
This asset offers a versatile layout, currently in an incomplete state (shell & core), providing a developer or owner-occupier the opportunity to customize all internal finishes to their specific requirements.
Building Composition:
•Ground Floor Shop: Approx. 227 sq.m.
•Mezzanine: Approx. 121 sq.m.
•Floors 1–3: Office spaces of approximately 179 sq.m. per floor.
•4th Floor: A spacious apartment/penthouse of approximately 194 sq.m.
•Basement: 435 sq.m. comprising parking spaces and auxiliary/storage rooms.
•Verandas: Approximately 98 sq.m. of covered outdoor space.
•Building Communal Areas: 111 sq.m.
Strategic Location:
The building is situated within walking distance of universities, supermarkets, cafes, and restaurants. It abuts Vyzantiou Street, located approximately 100 m. southeast of Griva Digeni Avenue and 200 m. southwest of the Prodromou and Vyzantiou intersection. This prime location ensures excellent visibility and accessibility.
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.
Pending issuance of Energy Performance Certificate.
A unique investment opportunity: A five-storey mixed-use building with a basement, located in a high-demand, low-supply area of Strovolos (Chryseleousa Quarter), Nicosia.
This asset offers a versatile layout, currently in an incomplete state (shell & core), providing a developer or owner-occupier the opportunity to customize all internal finishes to their specific requirements.
Building Composition:
•Ground Floor Shop: Approx. 227 sq.m.
•Mezzanine: Approx. 121 sq.m.
•Floors 1–3: Office spaces of approximately 179 sq.m. per floor.
•4th Floor: A spacious apartment/penthouse of approximately 194 sq.m.
•Basement: 435 sq.m. comprising parking spaces and auxiliary/storage rooms.
•Verandas: Approximately 98 sq.m. of covered outdoor space.
•Building Communal Areas: 111 sq.m.
Strategic Location:
The building is situated within walking distance of universities, supermarkets, cafes, and restaurants. It abuts Vyzantiou Street, located approximately 100 m. southeast of Griva Digeni Avenue and 200 m. southwest of the Prodromou and Vyzantiou intersection. This prime location ensures excellent visibility and accessibility.
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.
Pending issuance of Energy Performance Certificate.
Extra information
GENERAL
Completion status
Incomplete
PLOT
Landlot area
496 sqm
Frontage area
22 m
Frontage size
15To25M
Slope
Flat
View
City
BUILDING
Total building size
1514 sqm
Build year
2012
Total floors
5
Elevators number
1
Total parking spaces
15
1st unit
2nd unit
3rd unit
4th unit
5th unit
6th unit
7th unit
Planning characteristics
Affected percentage100%
Max coverage ratio50%
Max density ratio160%
Max height in meters24
Max number of floors6
Planning zoneΕβ3
TypesCommercial
Land registration and location details
Location:Nicosia,DIMOS STROVOLOU,CHRYSELEOUSA
Plot number:509
Registration number:0/15920
Documents
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