The asset under consideration is a commercial property comprising of a two-storey basement, ground floor, mezzanine and two floors. The building is divided into six vertical levels which are connected by a central internal staircase and an elevator, both located in the eastern part of the building. The building was constructed approximately during 1993 -1994. The broader area is one of the traditional central residential and commercial areas of the Municipality of Strovolos and is characterized by a relatively unorganized built environment with
houses of various types and ages, small low-rise family apartment buildings, shops, cafes, as well as a relatively limited number of vacant plots. The approximate total covered areas are 1882 sq.m. The property is currently occupied by an active operating business, offering a yield of circa 5%.
