Whole Building for Sale – Rent  ,  Prime Location in Nicosia Centre

An exceptional investment opportunity in the heart of Nicosia’s vibrant old town. This 5-storey building with underground level, spanning 2,400 sq.m., is fully licensed for conversion into student accommodation with capacity for 38–40 rooms.

Key Highlights:

•  Prime Central Location in Nicosia’s old town, near Ledra Street, one of the most sought-after areas with high growth potential.

•  Full Licensing in place for student housing conversion.

•  Ideal for student residence or educational use – previously used as a teaching facility.

•  In close proximity to top institutions:

  • University of Cyprus, including the Architecture School in Phaneromeni.

  • The new Kapodistrian University of Athens campus with 5 departments soon opening in the area.

• Surrounded by local amenities, cafes, and cultural spots – a perfect student hub.

•  The building is in excellent structural and aesthetic condition.

•  Available Options:

  • For Sale – €3,000,000  , NO VAT.

  • For Rent – €220,000/year

  • Potential to benefit from an EU renovation subsidy of up to 70%, making this an extremely cost-effective redevelopment opportunity

This property presents a rare chance to invest in Nicosia’s dynamic educational and cultural core, with both immediate usability and long-term value growth potential.

 Contact us today for more details, floor plans, or to schedule a viewing.