For Sale: Investment: mixed use, Pallouriotissa, Nicosia, Cyprus FC-62349

Two-storey mixed-use building with a basement, located in Panagia, Nicosia.

The corner property covers 552 sq.m. of land with a total frontage of approximately 46 m and features a rectangular layout.

The building, constructed around 1991, includes:

• Basement: 36 sq.m., used for storage
• Ground Floor: 211 sq.m., currently housing a gym (with 108 m² mezzanine used as utility/restrooms) and an office
• First Floor: Two flats (137 sq.m. and 84 sq.m.) with 4 bedrooms and 3 bathrooms, including covered/uncovered verandas

The property benefits from a strategic location with numerous nearby services, and it falls within the Urban Planning Zone ΕΖ-α, allowing up to 200% building density.

The ground floor is currently rented for €1,700/month. The site offers potential for further residential or commercial development.