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Pay in USD and save up to $45,980Commercial mixed-use building for sale in Panagia Quarter, Nicosia. The property is strategically located in the heart of the Panagia area, offering strong commercial and residential demand. It is situated 100m east of Pallouriotissa High School and approximately 820m northwest of John Kennedy Avenue, ensuring easy access to major commercial hubs and public transport.
The property comprises a three-storey mixed-use building. The ground floor and mezzanine consist of 11 commercial retail units with mezzanines (including two unified units), three of which are currently occupied, providing immediate rental income. A former large two-storey apartment has been divided into four independent residential units, including two ground-floor apartments and two mezzanine-level apartments. The upper floor comprises four spacious apartments, all currently vacant and suitable for renovation or leasing.
The property presents a strong investment opportunity, combining active retail income with vacant residential units, offering potential for multi-stream rental returns.
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.
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