A Unique Dual Property Offering in Old City of Nicosia

Description

Location

A unique potential of this dual-property package located in the heart of Nicosia’s historic center.

Property Overview

- Historical Building (built in 1965): Two-storey stone-built structure with ground-floor shops and a first-floor space (formerly a clinic) of approx. 670 sqm, plus a 120 sqm basement.

📏 Building Plot Area: 400 sqm
🚗 Parking Lot: 445 sqm
📐 Both Plots Area Total: 845 sqm

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.

🎓 Ideal for Student Accommodation: Given its strategic location, the property holds immense potential for conversion into student housing or a mixed-use residential project.

💼 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.