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This three-storey mixed-use building presents an investment opportunity in the heart of the Panagia Quarter, Nicosia. Perfectly positioned for both commercial and residential demand, the property offers a versatile layout with significant income potential.
Property Configuration:
Ground Floor & Mezzanine: Features 11 commercial retail units with mezzanines (including two unified units). Currently, five units are occupied, providing immediate rental income.
Residential Conversion: A former large two-storey apartment has been expertly divided into four independent units: two ground-floor apartments and two mezzanine-level apartments.
Upper Floor: Comprises four spacious apartments, all currently vacant and ready for immediate renovation or leasing.
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.
Build year: 1986
Total floors: 3
Landlot area: 1397 sqm
Frontage area: 80 m
Main area size: 1194 sqm
Helping area size: 244 sqm
Covered verandas size: 62 sqm
Plot Title Deed Registration number: 0/15469
Plot Title Deed Available with a building permit
A certificate with unauthorised works has been issued
Affected percentage: 100%
Max coverage ratio: 50%
Max density ratio: 140%
Max height in meters: 17
Max number of floors: 4
Planning zone: EB4
Types: Commercial
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 8112275. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.
