Commercial for sale, Nicosia, Geri

Three-Storey Building in Latsia–Geri, Nicosia – Investment Opportunity The property comprises a three-storey building located in Latsia–Geri Municipality, Nicosia District, in a well-positioned area with easy access to key roads and amenities. It is situated approximately 580 meters north of Geriou Avenue, 50 meters west of Athalassis Avenue, and about 530 meters northeast of A’ Geri Elementary School. The building is set on a rectangular plot with a flat surface and enjoys a frontage of approximately 20 meters along a registered road. Constructed around 1992 with a reinforced concrete frame and masonry brickwork, the property consists of three levels with mixed residential use. On the ground floor, there is a house along with parking spaces. The house features an open-plan living room and kitchen area, one bedroom, and a main bathroom, with an internal area of approximately 100 sqm. The first floor hosts a spacious upper-level residence comprising a living room, dining area, kitchen, laundry room, three bedrooms (including a master bedroom with en-suite bathroom), a main bathroom with WC, an additional guest WC, and three covered verandas. The internal area is approximately 235 sqm, with covered verandas of around 42 sqm. The second floor consists of an incomplete residential unit. Only the structural frame (columns and roof) has been completed, and construction has remained unfinished since 1992. The total area of this level is approximately 235 sqm, offering significant potential for customization or further development. Externally, the property includes covered parking spaces for two vehicles. This is an excellent investment opportunity, ideal for multi-unit residential use, renovation projects, or further development in a growing area of Nicosia. Contact G&P Lazarou Estate Agents today at +357 22024949 to arrange your private viewing and explore the full potential of this property!