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.