Building, For Sale, Nicosia, Panagia (Pallouriotissa)

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.