This three-storey mixed-use building represents a strong investment opportunity in Panagia Quarter in Nicosia. Ideally positioned to serve both commercial and residential demand, the property combines retail and residential components with flexible layouts and substantial income potential.

Property Overview:
The building is configured across three levels and offers a balanced mix of commercial and residential units.

Ground Floor & Mezzanine – Retail Units:
The ground floor and mezzanine levels comprise 11 commercial retail units with mezzanines, including two units that have been unified into a larger space. Five of the retail units are currently occupied, providing immediate rental income, while the remaining units offer upside potential through new leases or repositioning.

Residential Conversion Units:
A former large two-storey apartment has been professionally converted into four independent residential units. These consist of two ground-floor apartments and two mezzanine-level apartments, each with separate access and functional layouts suitable for rental use.

Upper Floor – Residential Apartments:
The upper floor features four spacious apartments. All units are currently vacant, offering an excellent opportunity for renovation, modernization, and leasing at current market rates.

Investment Highlights:
With a combination of income-producing retail units and vacant residential apartments ready for upgrade and lease, the property supports a multi-stream income strategy and value-add approach. It is well suited to investors targeting stable yields and rental growth in the Nicosia market.