Old City Building Suitable For Boutique Hotel

  • €1,400,000
Trypiotis, Nicosia, Cyprus
  • Building, Commercial, Investment Property
  • Property Type
  • 18
  • Bedrooms
  • 366
  • Plot Size
For Sale

Old City Building Suitable For Boutique Hotel

Trypiotis, Nicosia, Cyprus
  • €1,400,000

Overview

Property ID: NC-122
  • Building, Commercial, Investment Property
  • Property Type
  • 18
  • Bedrooms
  • 366
  • Plot Size

Description

The property is a mixed-use building known as “Elenios Stoa” in Trypiotis quarter, Nicosia Municipality. It is located on the pedestrian-only streets of Ledras and Onasagorou, 100m from the revamped Eleftherias Square.
The building has a covered area of 1,322sqm and consists of 7 shops on the ground floor that have been unified to 3 (one is rented as a souvenir shop), 21 apartments (13 studios, 6 two-bedroom and 2 three-bedroom) and a roof garden of 366sqm. The building has also a basement with an area of 224sqm. It is built within a land area of 366sqm.
An investment opportunity for a city boutique hotel in the busiest part of the old city, or student accommodation subject to town planning permits.

Details

  • Property ID: NC-122
  • Price: €1,400,000
  • Bedrooms: 18
  • Year Built: 1955
  • Property Type: Building, Commercial, Investment Property
  • Property Status: For Sale
  • Internal Area: 1322
  • Plot Size: 366
  • Build Density: 180
  • Build Coverage: 70
  • City Nicosia
  • Area Tripiotis

Contact Information

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