Dive into the heart of Nicosia's Old City with this exceptional investment opportunity, presenting two adjacent properties ripe for visionary development. Priced at €900,000, this package includes a two-storey stone-built building alongside a vacant corner plot, currently serving as private parking.
Property Insights:
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🏢 Historical Building: A 1965-built structure featuring ground-floor shops and an expansive first floor, previously utilized as a clinic, spanning approximately 670 sqm plus a 118 sqm basement.
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🚧 Ready for Revival: Offering full freedom for renovation or redevelopment, this building is not bound by preservation constraints, making it a blank canvas for your architectural creativity.
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📐 Development Potential: With a building coefficient of 160%, 70% building density, and a height allowance of 11.5m across 3 floors, the site is primed for transformation.
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👩🎓 Ideal for Student Accommodation: Given its strategic location, the property holds immense potential for conversion into student housing or a mixed-use residential project.
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💼 Invest in the Old City's Future: Seize this chance to contribute to the revitalization of Nicosia's historical heart, blending tradition with modern living spaces.
Why This Property? Beyond its prime location and significant redevelopment potential, this dual property offer represents a unique chance to shape the Old City's landscape. Whether you envision sleek student apartments, a boutique commercial hub, or a bespoke residential complex, the opportunity for impactful investment is immense.
Asking Price: €900,000
Embrace the chance to leave a mark on Nicosia’s storied Old City, transforming historical space into contemporary marvels. Explore the potential of these properties to create something truly special in one of Nicosia's most cherished districts.
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