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

This mixed-use building offers a good investment opportunity with a ground floor shop currently being rented, generating a steady income. andlt;br /andgt; The shop, which is around 53 sqm with a 17sqm mezzanine, has rental agreement that will expire on 31/03/2030. The shop benefits from high foot traffic and excellent visibility. andlt;br /andgt; It is located in Chryseleousa, Strovolos, Nicosia opposite of Tax department and abuts Tseriou Avenue. andlt;br /andgt; andlt;br /andgt; The rest of the mezzanine has a two bedroom apartment with approximately 70sqm internal areas. On the first floor there is a three bedroom apartment of approximately 113sqm internal areas and with a 14sqm covered veranda, on the second floor there is a 92sqm apartment with a 14sqm covered and 21sqm uncovered veranda and on the third floor there is a 53sqm flat with a 30sqm front and a 23 sqm back uncovered verandas. Each flat is spacious , suitable for residential or even office use. With some refurbishment, these units can attract high-quality tenants, substantially boosting the property’s overall yield.andlt;br /andgt; andlt;br /andgt; Situated in a central area, this 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 potentialandlt;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.