HIGH-YIELD MIXED-USE INVESTMENT OPPORTUNITY IN A PRIME URBAN SETTING

STRONG INCOME POTENTIAL LIDRAS STREET

REDUCED PRICE FROM 1.600.000 TO 1.400.000 EUROS

A unique investment opportunity in the most vibrant part of the old city, this mixed-use building offers strong income potential and versatile redevelopment options. With a total covered area of 1,322 square meters, the property comprises a ground floor with retail space—originally seven shops now unified into three, one of which is currently leased as a souvenir store—21 residential units including studios, two-bedroom, and three-bedroom apartments, and a spacious 366 square meter roof garden with panoramic views. Additionally, a 224 square meter basement adds further functional space.

Set within a high-footfall pedestrian zone near a major urban landmark, the property presents an ideal opportunity for conversion into a boutique hotel, modern rental apartments, or student accommodation, subject to planning approvals. Its blend of commercial and residential components, existing tenancy, and premium setting make it a compelling prospect for investors seeking a presence in one of the most dynamic and culturally rich areas of the capital.

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

Nicosia city center is the vibrant heart of Cyprus, combining rich history with modern urban living. As the island’s capital, it is a hub for business, education, culture, and government, attracting professionals, students, and tourists alike. The area boasts a mix of contemporary developments, historic architecture, lively cafes, retail shops, and cultural venues, all within walkable distance. With ongoing regeneration projects and strong demand for housing, the city center continues to offer compelling opportunities for real estate investment.

Buy Cyprus LTD a leading and esteemed fully accredited Estate Agent, proudly holding registration number 1014 with the Cyprus Real Estate Agents Association and license number 477/E. With nearly three decades of unwavering commitment in the Cyprus and UK real estate markets, Buy Cyprus stands as the epitome of trustworthiness, offering top-tier expert services.

Paphosproperties has seamlessly integrated with Buy Cyprus LTD, becoming an integral part of our number one leading agency. Together, we share in this legacy of excellence, with our unwavering focus on exceeding customer expectations. We ensure that both buyers and sellers receive unparalleled care and dedication, drawing upon our profound understanding of the Cyprus Real Estate Market to provide objective and impartial advice to our esteemed clientele. With utmost transparency, we deliver honest and precise property information, empowering you to make well-informed decisions with absolute confidence.