Building, For Sale, Nicosia, Nicosia Center, Agios Andreas

Nicosia Center, Cyprus

For Sale

€1,950,000

REF: 1000901 €1,950,000


Description

Location This exceptional property is situated in the historic heart of central Nicosia, in a walking diostance from the iconic Ledra Palace Hotel. Strategically positioned within the Buffer Zone, it lies at the intersection of history, diplomacy, and culture, offering a rare opportunity in one of the city€™s most significant areas.

The property enjoys close proximity to key institutions, including the Nicosia District Court , Eleftheria Square, major embassies, and cultural landmarks, making it ideal for diplomatic, boutique hospitality, or institutional use. External Features The estate extends over two generous plots and is surrounded by beautifully landscaped gardens that blend paved courtyards with lush ornamental greenery.

The front yard features secure gated access and private parking, ensuring both privacy and convenience. The rear yard reveals a hidden oasis€”an enclosed outdoor bar and café, perfect for hosting cultural events, diplomatic receptions, or private functions. The elegant exterior reflects both grandeur and versatility, allowing for exclusive indoor-outdoor experiences.

Internal Characteristics With a total enclosed area of approximately 558 sq.m., the property is laid out in two distinct wings: €¢ Western Wing (Ground Floor): A welcoming entrance hall opens into a spacious reception area. This wing also includes two large dining rooms, a private dining/conference room, two offices, a bar area, a kitchen with adjacent storerooms, and guest restrooms€”offering an ideal layout for high-level entertaining or business functions.

€¢ Eastern Wing (Two Storeys): This section includes a lounge with fireplace, seating area, shower facilities, and restrooms. It is perfectly suited for VIP hosting or exclusive use, combining comfort and elegance in a sophisticated setting. Advantages & Special Features €¢ Architectural Significance: A distinguished landmark that combines historic charm with long-term potential.

€¢ Development Opportunity: Accompanied by 2,270 sq.m. of unused transferable building density, subject to restoration, regulatory compliance, and permit re-issuance. €¢ Zoning Details: Located in Planning Zone ΕΖ-δ with a 200% building density, 60% coverage, and a permitted building height of 8 floors (31m).

€¢ Ideal for Transformation: Whether as a boutique hotel, diplomatic residence, cultural center, or institutional headquarters, the property offers unmatched flexibility in use.
Location This exceptional property is situated in the historic heart of central Nicosia, in a walking diostance from the iconic Ledra Palace Hotel. Strategically positioned within the Buffer Zone, it lies at the intersection of history, diplomacy, and culture, offering a rare opportunity in one of the city€™s most significant areas.

The property enjoys close proximity to key institutions, including the Nicosia District Court , Eleftheria Square, major embassies, and cultural landmarks, making it ideal for diplomatic, boutique hospitality, or institutional use. External Features The estate extends over two generous plots and is surrounded by beautifully landscaped gardens that blend paved courtyards with lush ornamental greenery.

The front yard features secure gated access and private parking, ensuring both privacy and convenience. The rear yard reveals a hidden oasis€”an enclosed outdoor bar and café, perfect for hosting cultural events, diplomatic receptions, or private functions. The elegant exterior reflects both grandeur and versatility, allowing for exclusive indoor-outdoor experiences.

Internal Characteristics With a total enclosed area of approximately 558 sq.m., the property is laid out in two distinct wings: €¢ Western Wing (Ground Floor): A welcoming entrance hall opens into a spacious reception area. This wing also includes two large dining rooms, a private dining/conference room, two offices, a bar area, a kitchen with adjacent storerooms, and guest restrooms€”offering an ideal layout for high-level entertaining or business functions.

€¢ Eastern Wing (Two Storeys): This section includes a lounge with fireplace, seating area, shower facilities, and restrooms. It is perfectly suited for VIP hosting or exclusive use, combining comfort and elegance in a sophisticated setting. Advantages & Special Features €¢ Architectural Significance: A distinguished landmark that combines historic charm with long-term potential.

€¢ Development Opportunity: Accompanied by 2,270 sq.m. of unused transferable building density, subject to restoration, regulatory compliance, and permit re-issuance. €¢ Zoning Details: Located in Planning Zone ΕΖ-δ with a 200% building density, 60% coverage, and a permitted building height of 8 floors (31m).

€¢ Ideal for Transformation: Whether as a boutique hotel, diplomatic residence, cultural center, or institutional headquarters, the property offers unmatched flexibility in use.
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Property on Map

#44658

Currency Exchange

Nicosia Center, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,950,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,950,000 £1,609,628 £1,700,420 £90,792
Property Price € €1,950,000
Minimum cost in the last six months £1,609,628
Maximum cost in the last six months £1,700,420
Fluctuating exchange rates over the last six months could have increased the cost of this property by £90,792

Nicosia Center, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,950,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,950,000 £1,609,628 £1,700,420 £90,792
Property Price € €1,950,000
Minimum cost in the last six months £1,609,628
Maximum cost in the last six months £1,700,420
Fluctuating exchange rates over the last six months could have increased the cost of this property by £90,792

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £90,792 more.

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