Property 2682 Palaiometocho, Nicosia / B-116110

Available Building For Sale In Palaiometocho, Nicosia, Constructed In 2007 With Potential For An Event/reception Hall, Includes Parking Spaces.

-69%

Opportunity!

Why is this Property Classified as an Opportunity?

Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.

Nicosia Indicative Price

2,410.67 €

This Property

750.00 €

For Sale • Deal

300,000€

Estimated Mortgage

/month

400

5246

Plot m2

Overview

Community

Palaiometocho

Property Type

Building

District

Nicosia

Covered/Built m2

400 m2

Plot m2

5246 m2

Property Description

This unique property is located in Palaiometocho community, near the newly-built NEO PLAZA shopping mall. The building was constructed around 2007 and has acquired a permit to be transformed into an event/reception hall. It consists of a reception hall, WCs, storage spaces, kitchen and a bedroom (en-suite) on the ground floor and a large basement space. It also offers a large area for parking.

The property is situated in a field with irregular shape and borders a registered dirt road. The total area of the ground floor is approximately 400 sqm and the basement area is approximately 290 sqm. It is important to note that the property is currently vacant. This property is for sale and is an excellent investment opportunity.