Property 1110 Nicosia / 36092

Location:

• This building in need of a renovation is in Phaneromeni, Nicosia - a prime real estate opportunity in the heart of the city.
• This property spans 296 square meters and boasts a versatile layout that caters to various business needs.

Internal Characteristics:

Ground Floor Highlights:

• - Prime Location: This property originally featured five shops (1-5), with two additional shops/store rooms (6 & 7) accessible from Phaneromeni Street.
• - Shops 4 & 5 were combined into a spacious floor area of 89 m², with an added mezzanine of 20 m².
• - Shops 1 & 2 were also merged, creating a larger commercial space with an adjoining storage area, totaling 95 m².
• - Current Layout: The reconfigured ground floor now includes a storage area adjacent to the main entrance of the building.

Additional Features:

• - Office Space: The property offers a total office area of 160 m², perfect for businesses seeking a central and accessible location.
• - Covered Verandas: Enjoy an additional 26 m² of covered verandas, providing a pleasant outdoor space for employees or customers.

Unfinished Second Floor:

• - The second floor of the building remains unfinished, offering a blank canvas for further development.
• - Total Covered Area: The second floor spans 180 m², providing ample space for future expansion or customization according to your needs.

Advantages - Special Features:

• - Subsidies Available: Potential subsidies are available under certain conditions, offering financial incentives to qualified buyers.
• This property in the heart of Nicosia, represents a unique investment opportunity with its strategic location, flexible layout, and potential for further development.
• Whether you're looking to establish a retail presence, expand office space, or customize the unfinished second floor, this property offers endless possibilities.
• Prime Investment Opportunity: Perfect for Student Residences
• This building is an excellent investment for student housing, located very close to the prestigious Architectural Institute.

Highlights:

• - Prime Location: Just steps from the Architectural Institute, ideal for students.
• - High Demand: Steady rental income due to continuous student demand.
• Invest now in a prime location with guaranteed returns.
• Contact us today to explore this exceptional real estate