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Pay in USD and save up to $28,088For Sale Prime Multi-Unit Investment Property with Expansion Potential in Lycavittos, Nicosia
A rare opportunity to acquire a complete residential property in the highly desirable area of Lycavittos, within close proximity to Academia Park.
The property is available either as a whole estate or as individual residential units, offering excellent flexibility for owner-occupiers and investors alike.
Property Overview
Plot Size: 500 m²
Total Covered Areas: 550 m²+
Condition: Resale
Construction Year: Older Property
Energy Efficiency: In Progress
Parking: Multiple covered parking spaces
Additional Features: Garden, balconies, storage rooms, basement areas
Possibility to construct an additional floor, offering significant future development potential
Units Included
Maisonette – 220 m²
4 bedrooms
Spacious verandas
Private yard/garden
External storage room
Covered parking
Potential for additional floor construction
Ground Floor Apartment – 88 m² + 50 m² Basement
3 bedrooms
50 m² veranda
50 m² basement utility/storage area with internal staircase
2 covered parking spaces
Currently rented at €750/month
First Floor Apartment – 94 m²
3 bedrooms
7 m² veranda
2 covered parking spaces
Includes air rights (development rights / right to build upward)
Currently rented at €750/month
Entire Property
Total built-up area exceeding 550 m²
Basement parking area
External storage rooms
Ideal configuration for residential, investment, or mixed residential/professional use
Investment Highlights
Prime residential location in Lycavittos, Nicosia
Quiet neighbourhood with easy access to the city centre
Strong rental income potential
Opportunity for resale or redevelopment
Flexible acquisition structure (whole property or separate units)
Additional development potential through construction of another floor
Ideal For
Private residence / owner occupation
Buy-to-let investment
Developers and property investors
Combined residential and office/professional use
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 8693339. 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.
