About
Description
Within the Walls of Nicosia, this mixed-use property with Approved Building Permit offers a unique investment opportunity in a city undergoing significant transformation.
Property Highlights:
Fully vacant and immediately accessible
Owned by a Limited Liability Company (Ltd) holding full rights
Building Type: Mixed-use (Shops & Residential)
Total Plot Size: 279 sqm
Total Covered Area: 694 sqm
Total Uncovered Verandas: 46 sqm
Walking Passage: 60 sqm
📜 Zone: Ka-a Density Factor: 140% Coverage Factor: 70% Building Height: 8 m Floors: 2
The asset currently consists of a ground level configured with 6 retail shop units and two additional floors above, each hosting 3 apartments, with every apartment featuring 3 bedrooms and uncovered verandas.
Renovations Year 2021: Building infrastructure upgrades, including plumbing, electrical systems, and roof maintenance
Development Potential:
✅ Remodelling Plan: Convert 6 apartments to 15 studios (33 sqm each)
✅ Approved Building Permit
✅ Planned Use: Business travellers (Airbnb) & Student Housing
✅ Approved Licenses: Renovation, Business Operation (Hotel)
The Walled City is currently experiencing a resurgence, with over €28.8 million allocated for revitalization projects aimed at attracting young residents, fostering economic activity, and enhancing the urban landscape.
Key developments include:
• Educational Expansion
• Cultural and Creative Hubs
• Recognition as a City of the Future
Property Highlights:
Fully vacant and immediately accessible
Owned by a Limited Liability Company (Ltd) holding full rights
Building Type: Mixed-use (Shops & Residential)
Total Plot Size: 279 sqm
Total Covered Area: 694 sqm
Total Uncovered Verandas: 46 sqm
Walking Passage: 60 sqm
📜 Zone: Ka-a Density Factor: 140% Coverage Factor: 70% Building Height: 8 m Floors: 2
The asset currently consists of a ground level configured with 6 retail shop units and two additional floors above, each hosting 3 apartments, with every apartment featuring 3 bedrooms and uncovered verandas.
Renovations Year 2021: Building infrastructure upgrades, including plumbing, electrical systems, and roof maintenance
Development Potential:
✅ Remodelling Plan: Convert 6 apartments to 15 studios (33 sqm each)
✅ Approved Building Permit
✅ Planned Use: Business travellers (Airbnb) & Student Housing
✅ Approved Licenses: Renovation, Business Operation (Hotel)
The Walled City is currently experiencing a resurgence, with over €28.8 million allocated for revitalization projects aimed at attracting young residents, fostering economic activity, and enhancing the urban landscape.
Key developments include:
• Educational Expansion
• Cultural and Creative Hubs
• Recognition as a City of the Future
Details
City:
Walled Old City
Building Type:
Mixed-use Building
Construction Stage:
Resale
No. of Floors in building:
3
Office Layout:
Partitioned
Construction Year:
1955
Renovation Year:
2021
Areas
Covered Area:
694m²
Uncovered Area:
46m²
Frontage:
20m
Plot Area:
279m²
Energy
Cooling Type:
Autonomous Cooling System
Energy Efficiency Grade:
C
Main Features
City View:
Title Deeds:
Provision for Split Units:
Provision for Central Heating:
Enquire
