FOR SALE - Building
in Nicosia, Nicosia - Lykabittos

 For Sale Prime Multi-Unit Investment Property with Expansion Potential in Lycavittos, Nicosia

A rare opportunity to acquire a complete residential property in the highly desirable area of Lycavittos, within close proximity to Academia Park.

The property is available either as a whole estate or as individual residential units, offering excellent flexibility for owner-occupiers and investors alike.

Property Overview

• Plot Size: 500 m²
• Total Covered Areas: 550 m²+
• Condition: Resale
• Construction Year: Older Property
• Energy Efficiency: In Progress
• Parking: Multiple covered parking spaces
• Additional Features: Garden, balconies, storage rooms, basement areas
• Possibility to construct an additional floor, offering significant future development potential

Units Included

Maisonette – 220 m²

• 4 bedrooms
• Spacious verandas
• Private yard/garden
• External storage room
• Covered parking
• Potential for additional floor construction

Ground Floor Apartment – 88 m² + 50 m² Basement

• 3 bedrooms
• 50 m² veranda
• 50 m² basement utility/storage area with internal staircase
• 2 covered parking spaces
• Currently rented at €750/month

First Floor Apartment – 94 m²

• 3 bedrooms
• 7 m² veranda
• 2 covered parking spaces
• Includes air rights (development rights / right to build upward)
• Currently rented at €750/month

Entire Property

• Total built-up area exceeding 550 m²
• Basement parking area 
• External storage rooms
• Ideal configuration for residential, investment, or mixed residential/professional use

Investment Highlights

• Prime residential location in Lycavittos, Nicosia
• Quiet neighbourhood with easy access to the city centre
• Strong rental income potential
• Opportunity for resale or redevelopment
• Flexible acquisition structure (whole property or separate units)
• Additional development potential through construction of another floor

Ideal For

• Private residence / owner occupation
• Buy-to-let investment
• Developers and property investors
• Combined residential and office/professional use