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An outstanding investment opportunity in a four-storey mixed-use building with a basement and mezzanine, located in the high-demand district of Engomi, Nicosia.
Building Composition:
Ground Floor Shop: Approximately 340 sq.m.
Mezzanine: Approximately 148 sq m.
Floors 1–3: Three office floors of approximately 310 sq. m. each.
Basement: Approximately 500 sq. m., providing ample parking spaces and auxiliary rooms.
Strategic Location:
The asset is ideally situated just 20m north of Griva Digeni Avenue, one of Nicosia’s most prestigious commercial corridors. It is also approximately 300m northeast of the "Kyriakos Neokleous" Primary School. Engomi consistently experiences high demand for both commercial and residential units due to its proximity to universities, embassies, and major corporate offices.
Occupancy Status:
Ground Floor & Mezzanine: Currently occupied; please note there are ongoing legal actions regarding these units.
Upper Floors (1–3): Currently vacant and available for immediate use or leasing.
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT applying to the transaction.
Build year: 1978
Total floors: 5
Elevators number: 1
Total parking spaces: 16
Elevator access to the basement: Yes
Frontage area: 21 m
1st unit
Main area size: 500 sqm
Floor: Basement L1
Parking spaces: 12
2nd unit
Main area size: 340 sqm
WCs: 2
Parking spaces: 4
3rd unit
Main area size: 148 sqm
Floor: 1st
4th unit
Main area size: 310 sqm
Floor: 1st
Kitchens: 1
WCs: 4
Interior storage rooms: 1
5th unit
Main area size: 310 sqm
Floor: 2nd
Kitchens: 1
WCs: 2
Interior storage rooms: 1
6th unit
Main area size: 310 sqm
Floor: 3rd
Kitchens: 1
WCs: 4
Max coverage ratio: 50%
Max density ratio: 180%
Max height in meters: 31
Max number of floors: 8
Planning zone: Eβ2
Types: Commercial
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 8281577. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.
