Listed Building Awaiting Rebirth – Prime Investment Opportunity in Central Nicosia

Offered for sale is a rare and characterful listed building located in the heart of Nicosia, in a prime central area with immediate access to a wide range of amenities, services, and key points of interest. The property represents an exceptional opportunity for investors or developers seeking to restore and reintroduce a landmark asset back to life.

The building may be redeveloped for either residential or commercial use, subject to the relevant approvals. It is currently divided into six units, which can function as apartments or offices, each with an approximate internal area of 147 square metres and balconies of approximately 41 square metres. The total internal area of the building is approximately 858 square metres, complemented by approximately 238 square metres of balconies.

The property requires full renovation, offering a blank canvas for a bespoke redevelopment that combines modern standards with the preservation of its architectural and heritage character. In addition, there is the possibility of adding an extra floor, further enhancing the development potential and overall return on investment.

This is a rare opportunity to acquire a listed building of substance in one of Nicosia’s most central and desirable locations, ideal for boutique residential units, serviced apartments, offices, or a mixed-use development.