It is referred to as the “Nicosia Palace” and Now is for Sale

Back to results
Ref: B-96384
Asking Price
Loan Installment

Click to calculate

Property for Sale in Nicosia, Nisou, Cyprus

Interested in this property?

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Commercial
  • Location: Nicosia, Nisou, Cyprus
  • Internal Area: 1500sqm
  • Bedrooms: 10
  • Price: €5,100,000
  • VAT: N/A
  • Loan Installment: €24,190

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Closing Price: €5,100,000
Own Contribution (35%): €1,785,000
Loan Amount (65%): €3,315,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Pool: Yes
  • Status: Resale/Used
  • Age: 9 Years
  • Floors: 3 levels
  • Plot/Land Size: 7500sqm
  • Reference: B-96384
Demos Metaxas
Mobile: (+357) 99617593

Address: Nicosia Georgiou Davari Office

If you’ve decided to invest in Real Estate and buying your own Dream Property in Cyprus capital, then let me introduce you, to the “Nicosia Palace”.

Between Larnaca and Nicosia, in the heart of the Nisou region, a prestigious residential and commercial estate of high quality and beauty set in ¾ hectare of land (7500 sq.m), welcomes you to the capital of Cyprus, Nicosia. It is undoubtedly one of the most luxurious properties in Cyprus, ideal either for your large private residence or for commercial use as a boutique hotel and restaurant or an exclusive wedding venue.

“Nicosia Palace” is all about quality and attention to detail with 10 bedrooms, 12 bathrooms and 8 kitchens ready to accommodate and meet all your needs.

“Nicosia Palace” is laid out on three levels. The ground, the upper and the lower level covering a total area of 1,500 sq. meters. You can imagine 3 luxury whole floor apartments that consist everything that a commercial tenant needs from an entry hall to the bright spacious office space for creative working environment and from the professional kitchen to the play room and bathroom.

Beautiful uninterrupted views can be enjoyed from the 350 sq. meters roof garden which gives the best definition of the term Palace. The property is surrounded by cypress trees and ancient olive trees around five hundred years old absolutely perfect for offering moments of relaxation.

“Nicosia Palace” is within easy reach from the main towns of Cyprus: Nicosia centre is about 10 minutes away, while Larnaca’s airport is reachable in 20 minutes by car and Limassol Marina is less of 40 minutes away.

“Nicosia Palace” with great influence from the Greek classical architecture of the period 1875 – 1925 is maintained and presented in excellent condition although a prospective buyer may wish to invest in general refurbishments depending on future use.

Overall a unique investment opportunity to own the “Nicosia Palace” either for your own private residence or to convert it into a hotel and tourist facility. If you think and feel, this impressive property offers excellent potential for creating a multi-venue development, I am of the same mind.

Please feel free to contact me for more information.

Title deed or under separation
Title deed available
Use of building
No of parking spaces
Air Conditioning

Enquire about this property...