Mixed-use building in the Kaimakli Quarter of Nicosia Municipality, situated in a convenient and easily accessible location, in close proximity to Frederick University and all essential amenities and services.
The ground and first floor of this 3-storey building was constructed in 1979, and the second floor in 1982. It has been well maintained and was renovated in 2006. It comprises two commercial shops and three residential apartments. Each unit has a separate title deed.
The building consists of the following:
Ground Floor
Shop 1: Commercial unit with an internal area of 40 sq.m. and a covered area of 1 sq.m.
Shop 2: Commercial unit with an internal area of 32 sq.m. and a covered area of 2 sq.m.
Apartment: Residential unit with an internal area of 84 sq.m., covered verandas of 8 sq.m., and an uncovered veranda of 1 sq.m. The apartment has been upgraded during the renovation in 2006.
First Floor
Whole-floor apartment: Spacious residential unit with an internal area of 147 sq.m. and covered verandas of 20 sq.m.
Second Floor
Whole-floor apartment: Spacious residential unit with an internal area of 136 sq.m. and covered verandas of 31 sq.m. The apartment was refurnished in 2016.
Key Features
Year of construction: 1979 and 1982
Well maintained and in good overall condition
Plot: 435 sq.m.
Commercial Zone Eβ4
Two commercial shops
Three residential apartments
Separate title deed for each unit
Total internal area: 439 sq.m.
Close proximity to Frederick University
Convenient and easily accessible location
Easy access to essential amenities and services
Suitable for investment and rental-income purposes
The property falls within the designated zones for Government Housing Schemes for the Revitalization of Critical/Borderline Areas, offering significant financial grants and incentives for buyers
