Five-storey incomplete building with a basement in Chryseleousa, Strovolos, Nicosia

Covered area 1.064 m²
Year built 2012
Number of floors 5
Number of parking spaces 15
Occupancy status Vacant

Property description

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: 244 sq.m.
•Mezzanine: 110 sq.m.
•Floors 1–3: Office spaces of 196 sq.m. per floor.
•4th Floor: A spacious apartment/penthouse of 212 sq.m.
•Basement: 423 sq.m. comprising parking spaces and auxiliary/storage rooms.
•Verandas: Approx. 98 sq.m. of covered outdoor space.
•Building Communal Areas: Approx. 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.

Energy Category: C

Extra information

General

Occupancy status Vacant

Plot

Land size 496 m²
Slope Flat
Registration number 0/15920
Sheet/Plan 21/54W1
Address Vyzantiou

Building

Number of floors 5
Year built 2012
Number of parking spaces 15

Unit

Covered area 1.064 m²
Covered veranda area 124 m²
Floor number Basement
WCs 2
Kitchens 1

Planning characteristics

Zone	Cover factor	Build factor	Max floors	Max height	Affected %
Εβ3	50%	160%	6	24 m	100%

Documents

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Disclaimer: The property is owned by Rano Investments Limited, an SPV of Eurobank Limited. When buying the shares of the company, transfer fees will not be applicable. The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area. Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.