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