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Flat 142 м² in Nicosia, Cyprus

ID 4OjOl
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Area
142 m²
Bedrooms
3
Bathrooms
2

Description

Flat in Nicosia. City - Nicosia

North Cyprus Real Estate: modern residential and commercial complex in the center of Nicosia
North Cyprus real estate in Nicosia — this is a unique opportunity to purchase a modern apartment or commercial premises in the capital with high investment potential. If you are looking for a apartment in Nicosia North Cyprus, commercial real estate in the center of Nicosia, investment project in North Cyprus or a ready business property, this modern complex is one of the best solutions on the market. The project is located in the very center of the capital, in a prestigious area with developed infrastructure and convenient access to all key city facilities.

The complex is located in the heart of Nicosia, next to business centers, shops, restaurants, medical facilities and cafes. Just 25 minutes to the coast of Kyrenia, which makes the location especially attractive both for permanent residence and for investment in rental and business.

The project is a modern multifunctional residential and commercial complex, combining stylish architecture, functional layouts and high quality construction. It consists of several residential blocks and two residences — A and B, where spacious apartments of the 3+1 format with an area of up to 160 m² are located. This is an ideal solution for families, entrepreneurs and investors.
Infrastructure and amenities
The project was created according to the concept of a “city within a city” and includes everything necessary for comfortable living and successful business:
🏢 Commercial zone:

  • 21 retail premises on the ground floors

  • Possibility of transforming residential residences into commercial spaces


🍴 Services and amenities:

  • Restaurant and cafe

  • Gloria Jeans Coffees

  • Dietology center

  • Hair transplant center

  • Aesthetic surgery center

  • Dental clinic

  • Law office

  • Architectural bureaus

  • Medical centers (cardiology, pediatrics, ENT and others)


🚗 For residents:

  • Spacious covered parking intended only for residents


💪 Sports and fitness:

  • The largest fitness center on the island with an area of 3 500 m²

  • Programs for children and adults

  • Spinning, Brazilian jiu-jitsu, climbing, MMA

  • Separate women's sports classes


The project is fully completed and operational. All properties are ready for occupancy and business operations. Ownership registration is available with subsequent tax payment. Individual installment and credit terms are also provided for buyers.

This modern residential and commercial complex in Nicosia is not only a comfortable place to live, but also a strong investment asset in the North Cyprus real estate market, providing stable income and long-term value growth.


When purchasing real estate - VELES Property provides assistance in obtaining a residence permit and a bank account in North Cyprus.




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Characteristics

Property type
Residential Properties
Number of rooms
4
Object type
Flat
Price
316 340 $
Year of construction
2023

Infrastructure

  • Fitness center
  • Cafeteria
  • Playground

Location

Address
NICOSIA Nicosia City Ortakoy

FAQ

How can I get a residence permit by buying property in Cyprus?

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Nicosia; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in Cyprus?

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

What taxes and fees apply when buying in Cyprus?

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

How is the title checked in Cyprus?

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Can I rent out property after purchase in Cyprus?

Yes. Rental income tax is 5–25% depending on the regime. In Nicosia short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (316 340 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Cyprus?

A typical transaction runs 30–90 days, averaging 45 in Nicosia: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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