Full Residential Property with Multiple Units on a 500m² Plot
A unique opportunity to acquire an entire residential property in one of Nicosia's most desirable and established neighborhoods, Lycavitos. Situated in a quiet residential area with easy access to the city centre, schools, services, and major roads, this property offers exceptional flexibility for investors, developers, or extended families.
The property can be purchased as a whole or considered for future division into individual units.
Property Overview
* Plot Size: 500m²
* Total Built Area: Approximately 550m²+
* Registered Road Access
* Regular-Shaped Plot
* Frontage on Public Road
* Good Overall Condition
* Partially Renovated
* Excellent Potential for Further Modernisation
Unit 1 – Spacious Semi-Detached Residence
The main residence offers generous internal living areas, large verandas, and private outdoor space.
* Internal Area: 187m²
* Covered Verandas: 47m²
* Year Built: 1979
* 4 Bedrooms
* Private Yard
* External Storage Room
* Dedicated Parking
* Good Condition
Unit 2 – Ground Floor Apartment / Office Space
Currently configured as a separate unit with excellent potential for residential or professional use.
* Internal Area: 105m²
* Uncovered Verandas: 52m²
* Ground Floor
* Independent Access
* Excellent for Residential Conversion, Office Use, or Rental Income
* Year Built: 1979
* Renovated 1989
Unit 3 – First Floor Residence
A fully renovated upper-floor residence offering comfortable living accommodation.
* Internal Area: 105m²
* First Floor
* 3 Bedrooms
* Fully Renovated in 1989
* Good Condition
* Independent Access
Additional Features
* Basement Area
* Covered and Uncovered Parking Spaces
* Storage Rooms
* Multiple Independent Living Areas
* Suitable for Multi-Generational Living
* Ideal for Investment or Redevelopment
* Potential Rental Income from Separate Units
Investment Highlights
✔ Prime Lycavitos location
✔ Large 500m² residential plot
✔ More than 550m² of usable built area
✔ Multiple independent units
✔ Renovation potential to add significant value
✔ Suitable for residential, mixed-use, or investment purposes
✔ Rare opportunity in a highly sought-after area
Price
**€690,000**
A truly rare property offering size, flexibility, and excellent long-term potential in one of Nicosia's most established residential locations.
