Mixed-use building in Panagia, Nicosia

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 Category – Apartment 101: E Energy Category – Apartment 102: E Energy Category – Apartment 103: E Energy Category – Apartment 104: E Energy Category – Apartment 1: C Energy Category – Apartment 2: C Energy Category – Apartment 3: C Energy Category – Apartment 4: C Energy Category – Shop 1: C Energy Category – Shop 2: C Energy Category – Shop 3: C Energy Category – Shop 4: C Energy Category – Shop 5: C Energy Category – Shop 6: C Energy Category – Shop 7: C Energy Category – Shop 8: C Energy Category – Shop 9: C Energy Category – Shop 10: C