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Restaurant
Agios Epifanios Oreinis, Nicosia

€550,000  ($633,765)

Kadis Estates

Kadis Estates

Reg. No: 506 / Licensed No: 62/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $22,182

Average Bank Rate (€550,000)
1 USD = 0.8385 EUR
$655,946

Mid-market rate (€550,000)
1 USD = 0.8678 EUR
$633,765

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 8156735 (16593)
  • Plot: 1200 sqm

Description

• Internal Area 2230m2
• Plot 1200m2
• Prime Area
• Near Amenities
• Easy Access to Highway

A rare opportunity to acquire a historic and fully licensed hospitality venue of exceptional scale and potential, ideally located in Agios Epifanios (Nicosia), directly on the main road, with excellent accessibility and just 20 km from the center of Nicosia.

The property offers substantial capacity and versatility, with the ability to accommodate:

up to 300 guests in its interior areas, and

up to 700 guests in total, including outdoor spaces,

making it ideal for weddings, receptions, social and corporate events, high-volume dining operations, and private functions.

Key Features:

Residential accommodation on site, consisting of two bedrooms and one bathroom, allowing the venue to operate simultaneously as a residence for owners or as accommodation for staff.

The property holds all valid building permits and a full operating license as a restaurant, ensuring immediate and legal operation.

A private water borehole, fully functional 24/7, offering significant operational independence and cost efficiency.

Investment & Development Potential:

This venue presents exceptional investment prospects, driven by:

its historical significance,

its prime roadside location,

its large-scale capacity and multifunctional layout, and

the possibility for the new owner to benefit from European Union business and development grants, which may be available for hospitality, tourism, and property enhancement projects.

Whether maintained as a traditional tavern, upgraded into a premium event venue, or repositioned as a multifunctional hospitality destination, this property offers strong branding potential and immediate revenue opportunities.

A unique investment asset for hospitality professionals, investors, and developers seeking a property with history, visibility, and long-term growth potential.

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€18,600 ($21,433)
If buying on joint names
€15,200 ($17,515)

Disclaimer - Property reference 8156735. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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