€1,800,000
New Listing
Commercial Office Building for Sale – Prime Urban Location
Nicosia, Strovolos
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Overview
Reference 1486
Floors: 5
Year of Construction: 1998
Year of Renovation: 2021
Status: Resale
Structure: Concrete
Covered:1358m²
Plot:576m²
Basement:355m²
This well-maintained commercial building is situated in a prime urban area, conveniently positioned near a main business avenue, offering excellent accessibility and visibility.

Constructed in 1998 on a privately owned plot, the property is located within Planning Zone Κα3 and is designated for commercial use, making it ideal for offices and professional services. The building follows conventional construction standards and benefits from a well-designed layout across multiple floors.

Property Details:
• Land Area: 576 sq.m.
• Total Covered Areas:
• Basement (parking): 355 sq.m.
• Ground Floor: 194 sq.m.
• 1st Floor: 214 sq.m.
• 2nd Floor: 165 sq.m.
• 3rd Floor: 140 sq.m.
• 4th Floor: 145 sq.m.
• 5th Floor: 145 sq.m.

The building includes a spacious underground parking area, providing convenience for tenants and visitors.

Tenancy & Income:
• The ground floor is currently leased to a well-established hair studio.
• The 1st to 5th floors are leased to reputable companies in the accounting, auditing, and IT/software sectors.
• One floor remains available, with full provisions in place for conversion into modern office spaces.

The property generates a strong annual rental income, making it an attractive investment opportunity with stable returns.

Renovation & Condition:
Between 2020–2021, the building underwent a full renovation and refurbishment in collaboration with the original architectural firm, ensuring modern standards and excellent condition throughout. The total investment in upgrades was substantial, enhancing both functionality and aesthetic appeal.

The building has received final approval from all relevant authorities, offering peace of mind to prospective investors.

Investment Highlights:
• Prime commercial zoning
• Established tenants
• Strong rental yield
• Fully renovated
• Approved and compliant building
• Ideal for investors seeking long-term income
Features
  • Double glazing
  • Earthquake-resistant structure
  • Easy access to highway
  • Easy access to main roads
  • Entrance gate
  • Excellent condition
  • Glass partitions
  • Internal stairs
  • Lobby
  • Near amenities
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