Property Description

Residential Two-Storey Building for Sale in Strovolos, Akropoli – Prime Location

Location:

Near the English School and just 20 meters from Agios Demetrios Park. This prime location is unique, as there are very few vacant plots available in the area. It is one of the most sought-after residential neighborhoods, with high demand for both purchasing and renting properties.

Description:

- Detached two-storey building currently used as office space.

- Constructed around 1968 and repainted in 2023.

- Total area: approximately 411m² enclosed space (221m² ground floor, 190m² upper floor).

18m² of covered verandas and 27m² of uncovered verandas.

- Reinforced concrete structure with brick walls and a flat roof.

- Access to the first floor via a communal staircase.

Ground Floor Includes:

- Reception area

- Six offices

- Toilets

- Two storage rooms

- Conference room

- Server room

- Separate kitchen

First Floor Includes:

- Reception area

- Separate kitchen with access to a veranda (part converted into storage)

- Toilets with separate bathrooms for men and women

- Seven offices

- Manager’s office

 

Additional Features:

- Marble tiles on the floors, parquet flooring in the offices.

- Split A/C units in all areas.

- Aluminium-framed, double-glazed windows.

 

Plot Details:

- Parcel Area: 521 sq.m

- Corner plot with relatively square shape and flat surface (same level from the road)

- Frontage: about 42m

- Density: 120%

- Coverage: 50%

- Floors: 3

- Height: 13,5m

- Planning Zone: Ka4

If the existing building is demolished, the plot is suitable for the development of an apartment block due to its high building coefficient. Additionally, the immediate area features similar apartment buildings, aligning with the growing demand for apartments. This is a property that generates income. In the event of demolition, the investor can continue to generate income until the necessary permits for the new development are obtained.

Asking price: €890000 

The property is not subject of VAT

 

For more information and viewing, please contact us at 70000148 G.Georgiades Assistant real estate agent

Property Features

Air Conditioning
Attached on main road
Barbeque Area
Electricity available
Furnished - Partly
Garden
No VAT
Parking - 2 Covered
Roof garden
Security Alarm
Separate Kitchen
Shutters
Storage room
Telephone line available
Title Deeds - Available
Town: Walking distance
Water available
Wheelchair facilities

Transfer Fees

€33,888
BUYING AS AN INDIVIDUAL
€32,200 Transfer fees + €1,688 Stamp Duty
€30,488
BUYING ON JOINT NAMES
€28,800 Transfer fees + €1,688 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
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