Description

An exceptional investment opportunity is available in the prestigious Agios Andreas area of Nicosia. Built in 1965, this well-maintained building offers excellent development potential. It occupies a 1,534m² rectangular plot with an impressive 50-meter street frontage and offers a total covered area of 985m². The property consists of a 265m² ground floor, two upper-floor apartments of 265m² each, complemented by 73m² of covered verandas, and a rooftop one-bedroom apartment that includes a 24m² roof garden. Additional features include rear storage rooms and multiple parking areas, providing both convenience and functionality. Structurally, the building is located on a quiet street near the scenic Pedieos Linear Park, offering a serene yet central setting. Title deeds are available, ensuring a smooth transaction process. The property’s versatility makes it ideal for a wide range of uses, including private residence, office headquarters, embassy, boutique hotel, or mixed-use redevelopment. Moreover, the significant unused building density of over 500m² provides strong potential for future expansion, making this a truly valuable opportunity in one of Nicosia’s most distinguished neighborhoods.