#14660
For Sale, Mixed-use building in Panagia, Nicosia
1,150,000€
#14660
For Sale, Mixed-use building in Panagia, Nicosia
1,150,000€
-
3
-
3
Resale 1986
Investment Opportunity
This mixed-use building presents an investment opportunity in the heart of Panagia Quarter, Nicosia. Perfectly positioned for both commercial and residential demand, the property offers a versatile layout with significant income potential.Internal Layout:
Ground floor - Total Units: 15
• 11 commercial retail units with mezzanines (including two unified units) on Ground Floor. Currently, three units are occupied, providing immediate rental income.
• 4 Apartments: A former large two-storey apartment has been expertly divided into four independent units: two ground-floor apartments and two mezzanine-level apartments.
- Apartment 1 (Internal Area 40sq.m): Open plan living room/kitchen, one bedroom and a bathroom.
- Apartment 2 (Internal Area 42sq.m): Open plan living room/kitchen, one bedroom and a bathroom.
- Apartment 3 (Internal Area 39sq.m): Open plan living room/kitchen, one bedroom and a bathroom.
- Apartment 4 (Internal Area 35sq.m): Open plan living room/kitchen, one bedroom and a bathroom.
First Floor - Total Units: 4
• 4 Apartments: Comprises four spacious apartments, all currently vacant and ready for immediate renovation or leasing.
- Apartment 1 (Internal Area 270sq.m): Living room with fireplace, kitchen, laundry room, a main bathroom, four bedrooms with on en-suite shower.
- Apartment 2 (Internal Area 105sq.m): Living room with fireplace, kitchen, laundry room, a main bathroom and two bedrooms
- Apartment 3 (Internal Area 125sq.m): Open plan living room/kitchen with fireplace, one bedroom and a bathroom, guest toilet and two bedrooms
- Apartment 4 (Internal Area 85sq.m): Open plan living room/kitchen with fireplace, one bedroom and a bathroom and two bedrooms
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.
Energy Performance Certificate is pending.
Property Info
14660
1,150,000€
Nicosia
Details
Building Type:
Mixed-use Building
Construction Stage:
Resale
No. of Floors in building:
3
Construction Year:
1986
Areas
Plot Area:
1,397m²
Total Area:
1,194m²
Mortgage Calculator
Amount Financed:
Mortgage Payments:
Annual cost of Loan:
Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.