Location
• Two-storey mixed-use building with basement, located in the Panagia Quarter of Nicosia Municipality.
• The property located in an area offering a wide range of services and amenities.
External Features
• Corner plot, rectangular in shape with a flat surface.
• Total frontage of approximately 46m.
• The property falls within Urban Planning Zone ΕΖ-α (Eastern Commercial Development Zone – Outside the Walls) with 200% building density, offering significant development potential.
Internal Characteristics
The building was constructed around 1991 and comprises:
• Basement (36 sq.m.) – Used as storage.
• Ground Floor (211 sq.m.) with mezzanine 108 sq.m.
• Part of the parking area has been enclosed.
• First Floor:
o Flat 101 (137 sq.m. + 9 sq.m. uncovered veranda): Open-plan living/dining/kitchen, bathroom, covered verandas, two bedrooms (one with office area).
o Flat 102 (84 sq.m. + 10 sq.m. covered veranda + 4 sq.m. uncovered veranda): Open-plan living/kitchen, office room, bathroom, two bedrooms (master en-suite).
Advantages & Special Features
• Prime corner position with high visibility
• Mixed-use investment opportunity
• Further residential & commercial development potential
• 200% building density (Zone ΕΖ-α)
• Ground floor currently rented for €1,700/month