3-Storey Mixed-Use Building – Panagia Quarter, Nicosia

Panagia, Nicosia, Cyprus
€1,150,000
Buy

Basics

REF. Number K835AL Date added Added 3 months ago Rent/Buy Buy Category
Type VAT Included No Title deed Yes Area, m² 1194
Year built 1986 Furnished No

Description

  • Description:

    🏢 3-Storey Mixed-Use Building – Panagia Quarter, Nicosia

    💼 Investment Opportunity with commercial & residential income streams in a central urban location.


    🏗️ Property Configuration

    Ground Floor + Mezzanine:
    • 11 retail units (incl. 2 unified)
    • 5 units currently rented (income in place)

    Residential Conversion:
    • Former duplex converted into 4 independent units
    → 2 ground-floor apartments
    → 2 mezzanine apartments

    Upper Floor:
    • 4 spacious apartments
    Vacant & ready for renovation/letting


    📍 Location & Access

    • Panagia Quarter – Nicosia Municipality
    • ~100m east of Pallouriotissa High School
    • ~820m NW of John Kennedy Avenue
    ✔ Close to major commercial routes & public transport


    📈 Investment Potential

    ✔ Mixed commercial + residential income
    ✔ Vacant units = upside for rental upgrades
    ✔ Suitable for 2026 rental market demand
    ✔ Flexible model for multi-stream income (retail + apartments)
    ✔ Also suitable for value-add or redevelopment strategy

    Reference Number: K835AL

Location

Additional Information

  • City: Nicosia
  • Neighborhoods:
  • Condition: Resale
  • Energy Efficiency: N/A

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Category: Buy