Property 1110 Nicosia / 48268
Strategically Located Mixed-use Building In Nicosia.
-60%
Opportunity!
2
Why is this Property Classified as an Opportunity?
Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.
Nicosia Indicative Price
2,410.67 €This Property
963.15 €For Sale • Deal
1,150,000€
Estimated Mortgage
/month
1194
m2
1397
Plot m2
Overview
Property Description
Location • Situated in the Panagia Quarter, within Nicosia Municipality, the building enjoys a strategic urban position. • It is located approximately 850m of John Kennedy Avenue, offering excellent access to commercial areas and public transport. External Features
• Three-storey mixed-use building with retail frontage on the ground floor and residential units on the upper levels, suitable for both commercial visibility and residential use. Internal Characteristics • The ground floor and mezzanine comprise 11 retail units with mezzanines (including two unified units), five of which are currently rented. • The residential section includes eight apartments in total: four converted units (two ground-floor and two mezzanine-level) and four spacious upper-floor apartments, currently vacant.
Advantages & Special Features • An ideal investment opportunity combining immediate rental income with strong upside potential. • The vacant residential units allow for renovation and repositioning, making the property well-suited for a multi-stream income strategy ahead of the 2026 Nicosia rental market.
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Location
47.85 kms
114.51 kms
1.16 kms
2.86 kms
2.98 kms
3.40 kms
3.47 kms
3.61 kms
3.91 kms
4.36 kms
4.53 kms
5.00 kms
5.23 kms
5.47 kms
7.47 kms
0.88 kms
1.37 kms
1.53 kms
1.81 kms
1.87 kms
2.12 kms
2.73 kms
2.98 kms
3.62 kms
3.73 kms
4.08 kms
4.13 kms
Transfer Fees
Transfer Fees Individual
42,600 €
Transfer Fees Joint Names
39,200 €
Stamp Duty
2,208 €