Pallouriotissa, Nicosia, Cyprus

137 m2 Build
4 Bedrooms
2 Bathrooms

Services and facilities
Parking : 1 Covered
Air condition
Lift
Heating
Veranda : 28 m2 Covered
Storage room

TENDER SUBMISSION DEADLINE:
TUESDAY 9 JANUARY, 10:00 a.m.

Two apartments in an excellent location in Panagia Municipality of Nicosia Municipality. They are located very close to BMH Army base.

The properties are ideally situated close to a plethora of amenities and services such as supermarkets, shops, restaurants, schools etc. It enjoys excellent access to the Nicosia city center.

The apartments are located on the 1st floor of the building that constructed around the year 2004.

Each apartment consists of a living room with a dining area, a kitchen, a bathroom with WC, two bedrooms and covered verandas.

The two apartments have emerged after the division of the apartment no. 3 as stated in the title deed.

In addition, it has exclusive right of covered parking space with number 9 and a storage room with number 10 on the ground floor.

The total area of the apartments is 137sqm internal area plus 28sqm of covered verandas

The apartments are vacant and are suitable for private use or for rental with a good return.

District: Nicosia
Municipality: Nicosia Municipality
Quarter: Panagia
Characteristics
Year built: 2004
Title deed: The property has a separate title deed

Nicosia, the capital city of Cyprus, offers a multitude of compelling reasons to consider buying property in this vibrant and historic city. Here are some key factors that make Nicosia an appealing destination for real estate investment:

Strategic Location: Nicosia's central location in the heart of Cyprus makes it a strategic hub for business, trade, and tourism. Its proximity to major airports, seaports, and transportation networks ensures excellent connectivity within the island and beyond.

Cultural Heritage: Nicosia is steeped in rich cultural heritage, boasting a captivating blend of ancient history and modern charm. The city is home to numerous archaeological sites, museums, and historical landmarks, providing residents with a unique and immersive cultural experience.

Thriving Economy: Cyprus has a robust and resilient economy, and Nicosia serves as a major economic center. The city's strong financial services sector, thriving business environment, and favorable tax incentives make it an attractive destination for entrepreneurs and investors.

Quality of Life: Nicosia offers an excellent quality of life, combining a relaxed Mediterranean lifestyle with modern amenities. Residents can enjoy a pleasant climate, delicious cuisine, vibrant nightlife, and a range of recreational activities, including beautiful parks, golf courses, and sports facilities.

Educational Opportunities: Nicosia is home to renowned universities, making it an ideal destination for students and families seeking excellent educational opportunities. The city offers a diverse range of educational institutions, from international schools to prestigious universities, ensuring access to high-quality education.

Real Estate Investment Potential: Nicosia's real estate market presents a promising investment landscape. The city offers a wide range of properties, including apartments, houses, and commercial spaces, catering to various budgets and preferences. Over the years, property values have shown stability and consistent growth, making it an attractive choice for investors.
Infrastructure and Development: Nicosia continues to witness significant infrastructure development, with ongoing projects aimed at improving transportation, public spaces, and urban planning. This focus on modernization ensures a well-connected and well-developed city that enhances the overall quality of life for residents.

Multicultural Environment: Nicosia embraces a multicultural atmosphere, welcoming people from different backgrounds and nationalities. This diversity fosters a cosmopolitan environment, where residents can experience various cultures, languages, and cuisines, creating a vibrant and inclusive community.

Health Care Facilities: The city is equipped with modern and high-standard healthcare facilities, including hospitals, clinics, and specialized medical centers. Access to quality healthcare is a crucial aspect of any residential investment, and Nicosia provides reliable medical services for residents.

Strong Rental Market: Nicosia's thriving rental market presents an excellent opportunity for property owners to generate rental income. With a steady demand for rental properties from students, expatriates, and professionals, investing in Nicosia can provide a reliable income stream.