Mixed use building in Chryseleousa, Strovolos, Nicosia – id S31007

Ideally located in Strovolou andamp; Tseriou avenue, this mixed-use building offers a great investment opportunity with a ground floor shop currently being rented and generating a steady income whilst benefiting from high foot traffic and excellent visibility. andlt;br /andgt; The shop, which has approximately 53 sq.m. of internal areas and a mezzanine of approximately 17sq.m., has a rental agreement that will expire on 31/03/2030.andlt;br /andgt; The rest of the mezzanine has a two bedroom apartment of approximately 70 sq.m. of internal areas. andlt;br /andgt; On the first floor there is a four bedroom apartment of approximately 113 sq.m. of internal areas and a 14 sq.m. covered veranda.andlt;br /andgt; On the second floor there is a 92 sq.m. apartment with a 14 sq.m. covered and 21 sq.m. uncovered veranda.andlt;br /andgt; On the third floor there is a 53 sq.m. flat with a 30 sq.m. (front) uncovered veranda and a 23 sq.m. (back) uncovered veranda. andlt;br /andgt; Each flat is spacious and suitable for residential or even office use, subject to acquiring the relevant permits. andlt;br /andgt; With some refurbishment, these units can attract high-quality tenants, substantially boosting the property’s overall yield.andlt;br /andgt; andlt;br /andgt; The location is considered ideal as it is situated opposite the tax department, in Chryseleousa, Strovolos, Nicosia and abuts Tseriou and Strovolou Avenue. andlt;br /andgt; The property provides immediate income from the shop and substantial growth potential through the leasing of the flats, ideal for investors seeking a mix of stable returns and high-yield potential.andlt;br /andgt; The market rents estimated are the following:andlt;br /andgt; 2 Bedroom Flat on mezzanine : €455 p/mandlt;br /andgt; 4 Bedroom Flat on 1st Floor: €765 p/mandlt;br /andgt; 1 Bedroom Flat on the 2nd Floor: €655 p/mandlt;br /andgt; 1 Bedroom Flat on the 3rd Floor: €445 p/mandlt;br /andgt; Totaling approximately estimated €34.400 per year together with the Ground Floor meaning that potentially could produce 6.25% yield.andlt;br /andgt; andlt;br /andgt; The property falls within Zone Eβ4, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.