Mixed-use building in Panagia, Nicosia

For Sale / EUR 1.150.000
77775070
or  +357 95598488

Property ID:
VL53361
Office Code:
NEAL
Type:
Whole Building
Total Floors:
3
42
2
243
Area:
Town Center
District:
Nicosia
Year Built:
1986
Covered Internal Area:
1.194 m2
Plot Size:
1.397 m2
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DESCRIPTION
This mixed-use building presents an investment opportunity in the heart of Panagia Quarter, Nicosia. Perfectly positioned for both commercial and residential demand, the property offers a versatile layout with significant income potential.

Internal Layout:
Ground floor - Total Units: 15
? 11 commercial retail units with mezzanines (including two unified units) on Ground Floor. Currently, three units are occupied, providing immediate rental income.
? 4 Apartments: A former large two-storey apartment has been expertly divided into four independent units: two ground-floor apartments and two mezzanine-level apartments.
- Apartment 1 (Internal Area 40sq.m): Open plan living room/kitchen, one bedroom and a bathroom.
- Apartment 2 (Internal Area 42sq.m): Open plan living room/kitchen, one bedroom and a bathroom.
- Apartment 3 (Internal Area 39sq.m): Open plan living room/kitchen, one bedroom and a bathroom.
- Apartment 4 (Internal Area 35sq.m): Open plan living room/kitchen, one bedroom and a bathroom.

First Floor - Total Units: 4
? 4 Apartments: Comprises four spacious apartments, all currently vacant and ready for immediate renovation or leasing.
- Apartment 1 (Internal Area 270sq.m): Living room with fireplace, kitchen, laundry room, a main bathroom, four bedrooms with on en-suite shower.
- Apartment 2 (Internal Area 105sq.m): Living room with fireplace, kitchen, laundry room, a main bathroom and two bedrooms
- Apartment 3 (Internal Area 125sq.m): Open plan living room/kitchen with fireplace, one bedroom and a bathroom, guest toilet and two bedrooms
- Apartment 4 (Internal Area 85sq.m): Open plan living room/kitchen with fireplace, one bedroom and a bathroom and two bedrooms

Location & Connectivity:
Situated in the area of Nicosia Municipality, the building is strategically located:
100m East of the Pallouriotissa high school.
820m Northwest of John Kennedy Avenue, ensuring easy access to major commercial hubs and public transport.

Investment Potential:
With a mix of active retail leases and vacant residential units, this property is ideal for investors looking to capitalize on the 2026 Nicosia rental market through a multi-stream income strategy.

Energy Performance Certificate is pending.
MAIN PROPERTY FEATURES
This whole building in Town Center, Nicosia is being offered for sale at EUR 1.150.000.

To arrange an appointment to view this and any other property from our website, please call or email us directly.

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