Prime Mixed-Use Six-Storey Building in Strovolos

An exceptional investment opportunity to acquire a prominent six-storey mixed-use commercial building, ideally located along Athalassas Avenue, one of Nicosia's established and high-demand commercial avenues in Strovolos. Constructed approximately in 2002, the property occupies a registered plot of 794 m² and benefits from an impressive road frontage of approximately 58 meters, offering excellent visibility and accessibility.

The building comprises approximately 2,150 m² of covered internal areas, together with two basement levels extending to approximately 1,290 m², providing parking facilities for up to 35 vehicles. Additional features include lift access and extensive office accommodation across all floors, making it suitable for corporate headquarters, financial institutions and large professional organizations.

The ground floor, measuring approximately 450 m², together with a 220 m² mezzanine, is currently utilised as an operational banking branch and comprises multiple private offices, open-plan reception and office areas, storage facilities, a kitchen and two toilets. The first, second and third floors each offer approximately 360 m² of office space, featuring ten private offices, open-plan working areas, server rooms, kitchens, dining areas and two toilets. The fourth floor, also approximately 360 m², comprises nine offices, a dedicated conference room, open-plan office space, a server room, kitchen, dining area and two toilets. The fifth floor offers approximately 260 m² and includes five offices, a conference room, open-plan workspace, server room, kitchen, dining area and two toilets.

The property is currently fully occupied by Eurobank. However, the upper floors are expected to be vacated, while the ground floor and mezzanine are intended to remain occupied by ERB as a banking branch. The proposed monthly rental income for these retained areas is €9,500, in line with current market rental benchmarks. Please note that no formal lease agreement is currently in place.

Benefiting from its strategic position on Athalassas Avenue, substantial floor areas, extensive parking facilities and potential for continued rental income, this property represents an outstanding opportunity for investors seeking a significant commercial asset in the heart of Nicosia's business district.

Contact Arazo Estates today to arrange your private viewing.

Any areas, energy class, measurements or descriptions are approximate and for guidance only. All information provided by Arazo Estates Ltd should be independently verified and confirmed by interested party. No guarantee, warranty or representation of any kind is made regarding accuracy of any data mentioned herein. All photographs are provided for guidance only.