558m² Commercial for Sale in Nicosia - Agios Andreas

IN CLOSED TENDER PROCESS DEADLINE: WEDNESDAY 25th of February, 2026 at 12:00 (noon time) Nestled in the historic central Nicosia, this extraordinary property is a captivating blend of heritage charm and future promise. Positioned along the tranquil Markou Drakou Avenue, just steps away from the iconic Ledra Palace Hotel, it lies within the symbolic Buffer Zone—a location rich in history, culture, and diplomatic significance. This rare offering presents not only a distinguished architectural landmark but also an exceptional development opportunity, with 2,270sq.m. of unused transferable building density (subject to restoration, regulatory compliance, and permit re-issuance). Property Overview: • Occupies two generous plots with an enclosed area of approx. 558sq.m. • Configured into two main wings: o Western Wing (Ground Floor): Features a welcoming entrance hall, reception area, two large dining rooms, a private dining/conference room, two offices, bar area, kitchen with storerooms, and guest restrooms. o Eastern Wing (Two Storeys): Comprises a spacious lounge with a fireplace, seating area, shower facilities, and restrooms—ideal for VIP hosting or exclusive use. Exterior Features: • Surrounded by a meticulously landscaped garden, blending paved courtyards with lush ornamental greenery. • Front yard: Offers private parking and secure gated access. • Rear yard: A hidden oasis featuring a fully enclosed and cultivated outdoor bar & café, perfect for cultural gatherings, diplomatic receptions, or high-end events. Zoning & Development Details: • Located in Planning Zone ΕΖ-δ • Building Density: 200% • Coverage: 60% • Permitted Height: 8 floors / 31m • Energy Performance Certificate: Pending Location Highlights: • Just 1 km from Eleftheria Square, the vibrant heart of Nicosia • Only 450 m from the Nicosia District Court • Proximity to key landmarks, embassies, and cultural institutions enhances its value for diplomatic, boutique hospitality, or institutional use.