£605,783
(€134/sq. ft)
€700,000
5 bed property for saleNicosia, Town Center
5 beds
5 baths
4 receptions
5,227 sq. ft
Part furnished
About this property
Next to green area
Guest WC
En suite shower
Modern design
Panoramic view
Near bus route
Near amenities
Marble stairs
Kitchen appliances
Double glazing
Corner
City view
Investment opportunity
Bright
Balcony, front
Municipal water/sewage
Heart of city center
Easy access to main roads
Easy access to highway
Kitchen island
Elevator
Heating, Split system
Parking, Uncovered
For Sale: Mixed-Use Building in Trypiotis area, in the Heart of Nicosia (15293)
Prime mixed-use building located in the city center of Nicosia, directly in front of the Venetian Walls, offering exceptional visibility and investment potential.
Property Details
Building Type: Mixed-use (Residential + Commercial)
Floors: 2
Plot Size: 196 sqm
Covered Areas: Approx. 566 sqm
Building Density: 180%
Year Built: 1955
Fully Renovated: 2010 (An updated building license was received)
Single title deed for the building, not separated title deeds for each unit.
Residential Units
The building includes 4 renovated apartments:
1 × Two-Bedroom Apartment located on 2nd floor: 158 sq.m. Covered area plus veranda 6 sq.m. Covered veranda
2 × One-Bedroom Apartments located on 1st floor:
1st apartment: 68 sq.m. Covered area plus covered veranda 6 sq.m.
2nd apartment: 68 sq.m. Covered area (no veranda)
1 × Studio Apartment 35.8 sq.m. Located in mezanine
Commercial Space located on ground floor:
Covered area 120 sq.m. Plus mezanine 35.8 sq.m.
Existing mini-market in operation
The units are rented right now.
Excellent street frontage
Located next to a green area
Directly in front of a municipal parking area
Location Advantages
Situated in the city center, highly sought-after area
Walking distance to:
Lidras Street (main shopping & tourist street)
All amenities (shops, cafes, restaurants, services)
Public transport
Ideal for conversion into:
Boutique Hotel
Short-Term Rentals (Airbnb)
Mixed residential investment
Investment Highlights
High rental demand due to prime location
Mixed-use income from both residential and commercial units
Excellent redevelopment potential due to 180% building density
Existing tenants with rentals of 3000 eur per month. The tenants are willing to remove from the property.
Prime mixed-use building located in the city center of Nicosia, directly in front of the Venetian Walls, offering exceptional visibility and investment potential.
Property Details
Building Type: Mixed-use (Residential + Commercial)
Floors: 2
Plot Size: 196 sqm
Covered Areas: Approx. 566 sqm
Building Density: 180%
Year Built: 1955
Fully Renovated: 2010 (An updated building license was received)
Single title deed for the building, not separated title deeds for each unit.
Residential Units
The building includes 4 renovated apartments:
1 × Two-Bedroom Apartment located on 2nd floor: 158 sq.m. Covered area plus veranda 6 sq.m. Covered veranda
2 × One-Bedroom Apartments located on 1st floor:
1st apartment: 68 sq.m. Covered area plus covered veranda 6 sq.m.
2nd apartment: 68 sq.m. Covered area (no veranda)
1 × Studio Apartment 35.8 sq.m. Located in mezanine
Commercial Space located on ground floor:
Covered area 120 sq.m. Plus mezanine 35.8 sq.m.
Existing mini-market in operation
The units are rented right now.
Excellent street frontage
Located next to a green area
Directly in front of a municipal parking area
Location Advantages
Situated in the city center, highly sought-after area
Walking distance to:
Lidras Street (main shopping & tourist street)
All amenities (shops, cafes, restaurants, services)
Public transport
Ideal for conversion into:
Boutique Hotel
Short-Term Rentals (Airbnb)
Mixed residential investment
Investment Highlights
High rental demand due to prime location
Mixed-use income from both residential and commercial units
Excellent redevelopment potential due to 180% building density
Existing tenants with rentals of 3000 eur per month. The tenants are willing to remove from the property.