# For Sale, Building, Mixed-use Building, Nicosia, Panagia, 1,397m²

![For Sale, Building, Mixed-use Building, Nicosia, Panagia, 1,397m²](https://gplazarou7207.eu1.qobrix.com/api/v2/files/download/media/public/large/0f12ed64-74f3-4fdb-95a6-39d5ac2a148c)

- **Reference:** 58704
- **Status:** For Sale
- **Price:** €1,150,000
- **Property Type:** Building
- **Location:** Nicosia

## Description

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

## Details

- **City:** Panagia
- **Building Type:** Mixed-use Building
- **Floors Building:** 3
- **Construction Year:** 1986

## Areas

- **Plot Area:** 1,397m²
- **Total Area:** 1,194m²

## Photos

![Photo 1](https://gplazarou7207.eu1.qobrix.com/api/v2/files/download/media/public/large/16c67868-d010-4ac4-b943-b16610276e63)
![Photo 2](https://gplazarou7207.eu1.qobrix.com/api/v2/files/download/media/public/large/1b93510d-ac45-4c1a-91cf-130b4479fa45)
![Photo 3](https://gplazarou7207.eu1.qobrix.com/api/v2/files/download/media/public/large/df53979c-1395-49cc-a779-dadb03159bab)