Old City

Nicosia
Price

On Request

2,245 m2 Area
537 m2 Land
5 Storeys

Property Ref: #4722

Property Description

This amazing fully renovated mix used building is located in the Old Town of Nicosia close to all the amenities and services. The property consist of 5 floors, 38 rooms, reception and shop on the ground floor and is suitable for the redevelopment into a hotel, apartments, and student halls. Currently the property has architectural plans for the conversion to 26 rooms to be used as student halls plus another 12 rooms to be rented as Air Bnb or holiday letting. For the conversion there is 70% subsidy approved and will be granted by the Government

Property Features

Type

Commercial Building

Status

Resale

Area

2,245 m2

Land

537 m2

Storeys

5

E.C

B

Even More Info

Air Condition

Alarm System

Basement

Classic Architecture

Electric Shutters

Internet Access

Office

Server room

Storage Room

Structured Cabling

Title Deed

Location

Nicosia Down Town, Nicosia

* Please note that the location shown on the map is approximate. Please contact us for more details and to arrange a viewing.

CURRENT ASKING PRICES PRICES IN NICOSIA DOWN TOWN

AVERAGE PRICES TODAY

Flat Price
€ 498,106
House Price
€ 1,591,142
Residential Plot Price
€ 2,451,074

% PROPERTY TYPES

5 % Houses
21% Plots
73% Flats

% BEDROOMS

5% 1 Bed Flat
44% 2 Bed Flat
46% 3 Bed Flat
1% 3 Bed House
2% 4 Bed House
1% 5 Bed House

AVERAGE PRICES BY NUMBER OF BEDROOMS

1 Bed Flat
€ 229,400
2 Bed Flat
€ 345,951
3 Bed Flat
€ 536,767
3 Bed House
€ 650,000
4 Bed House
€ 1,945,000
5 Bed House
€ 2,399,000

PRICE RANGE

Flats:
€ 140,000 - € 2,500,000
Houses:
€ 590,000 - € 3,300,000
Residential Plots:
€ 180,000 - € 15,000,000

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