A rare opportunity to acquire a prominent commercial building in the heart of Nicosia, one of the capital's most established business and retail destinations.Its central location, substantial size, and significant redevelopment potential make it an attractive proposition for developers, owner-occupiers, healthcare providers, hospitality operators, and long-term investors.Property BreakdownGround FloorFive retail shops, each with its own mezzanineTotal area: approximately 495 sqmCommon areas: approximately 25 sqmFirst FloorTwo office unitsTotal area: 337 sqmSecond FloorTwo office unitsTotal area: 337 sqmThird FloorTwo office unitsTotal area: 337 sqmBasementParking areaTotal area: 434 sqmDevelopment PotentialThe property benefits from additional building rights, allowing for the construction of three extra floors, subject to the necessary approvals. This creates a unique opportunity to increase the building's value through expansion, refurbishment, or redevelopment.Potential future uses include:Boutique hotelServiced apartmentsMedical centre or private clinicCorporate officesMixed commercial and residential developmentEducational or professional training facilityKey HighlightsCentral Nicosia locationExisting retail and office accommodationBasement parkingStrong redevelopment and value-add potentialOpportunity for additional floorsSuitable for a wide range of commercial uses No individual title deeds have been issued for the separate floors.The building does not currently have final approval ("Τελική Έγκριση").The original permit was issued for residential use. The upper floors were subsequently developed and configured as office space without submission of revised plans.Current rental income is limited, making the property more suitable for purchasers seeking redevelopment, repositioning, or long-term capital appreciation rather than immediate investment returns.