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.<br> <br> Internal Layout: <br> Ground floor - Total Units: 15<br> • 11 commercial retail units with mezzanines (including two unified units) on Ground Floor. Currently, three units are occupied, providing immediate rental income.<br> • 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.<br> - Apartment 1 (Internal Area 40sq.m): Open plan living room/kitchen, one bedroom and a bathroom. <br> - Apartment 2 (Internal Area 42sq.m): Open plan living room/kitchen, one bedroom and a bathroom. <br> - Apartment 3 (Internal Area 39sq.m): Open plan living room/kitchen, one bedroom and a bathroom. <br> - Apartment 4 (Internal Area 35sq.m): Open plan living room/kitchen, one bedroom and a bathroom. <br> <br> First Floor - Total Units: 4<br> • 4 Apartments: Comprises four spacious apartments, all currently vacant and ready for immediate renovation or leasing.<br> - Apartment 1 (Internal Area 270sq.m): Living room with fireplace, kitchen, laundry room, a main bathroom, four bedrooms with on en-suite shower. <br> - Apartment 2 (Internal Area 105sq.m): Living room with fireplace, kitchen, laundry room, a main bathroom and two bedrooms<br> - Apartment 3 (Internal Area 125sq.m): Open plan living room/kitchen with fireplace, one bedroom and a bathroom, guest toilet and two bedrooms<br> - Apartment 4 (Internal Area 85sq.m): Open plan living room/kitchen with fireplace, one bedroom and a bathroom and two bedrooms<br> <br> Location &amp; Connectivity:<br> Situated in the area of Nicosia Municipality, the building is strategically located:<br> 100m East of the Pallouriotissa high school.<br> 820m Northwest of John Kennedy Avenue, ensuring easy access to major commercial hubs and public transport.<br> <br> Investment Potential:<br> 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.<br> <br> Energy Category - Apartment 101: E<br> Energy Category - Apartment 102: E<br> Energy Category - Apartment 103: E<br> Energy Category - Apartment 104: E<br> Energy Category - Apartment 1: C<br> Energy Category - Apartment 2: C<br> Energy Category - Apartment 3: C<br> Energy Category - Apartment 4: C<br> Energy Category - Shop 1: C<br> Energy Category - Shop 2: C<br> Energy Category - Shop 3: C<br> Energy Category - Shop 4: C<br> Energy Category - Shop 5: C<br> Energy Category - Shop 6: C<br> Energy Category - Shop 7: C<br> Energy Category - Shop 8: C<br> Energy Category - Shop 9: C<br> Energy Category - Shop 10: C