Apartment in Town Center, Nicosia

About this property

Prime Investment Opport: 2,400m² Building for Sale in the Heart of Nicosia (Ledra Street) (10565) Asking Price: €2,800,000 Located in Nicosia’s vibrant commercial center on iconic Ledra Street, this former governmental building offers an outstanding investment opport. Previously housing the University of Cyprus, it is perfectly suited for office spaces, a university campus, serviced apartments, or a hospitality venture. Key Features: Total Covered Area: 2,400m² Potential for Conversion: Plans available to convert into 43 independent studios (approx. cost: €700,000) Licenses & Permits: Fully secured, including a café/restaurant license Parking: 155 parking spots conveniently adjacent to Ledra Street High Foot Traffic Location: Surrounded by shops, cafes, and historic sites Investment Highlights: Asking Price: €2,800,000 Gross ROI: Over 8% based on long-term rentals (€600/month per studio) Higher Airbnb Potential: Increased returns through short-term rentals Turnkey Solution for Investors: Option to undertake modifications and manage the entire project This is a rare opport to invest in one of Nicosia’s most dyc locations with high rental demand and long-term value appreciation.

Location

Investment tools