£999,495

Land for sale

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Offers in region of

£999,495

€1,150,000

Land for sale

Pallouriotissa, Nicosia, Cyprus

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Local area information

Property location

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Nearby amenities

Features and description

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Online viewing available.\nThis 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

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More information

Property descriptions and related information displayed on this page are marketing materials provided by - ADDRESS ESTATE AGENTS LTD. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact ADDRESS ESTATE AGENTS LTD for full details and further information.

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