Investment Opportunity – Residential Building in Prime Engomi, Nicosia (Near Universities)

Sold as is - Construction has already begun, with columns and the ground-floor framework completed. Full planning permission is in place, and the project is ready for continuation.

A rare opportunity to acquire a residential development in one of Nicosia’s most desirable areas. Located in the heart of Engomi, within walking distance of major universities, this modern building is ideal for student or young professional housing, offering strong rental demand and long-term capital growth.

The property sits on a 799 sq.m. plot and comprises 4 floors plus a basement. The ground, 1st, 2nd, and 3rd floors each include six one-bedroom apartments, while the top floor features two spacious penthouse units with potential conversion into two-bedroom apartments (subject to final approval).

Each apartment benefits from its own covered parking space and private storage room on the ground floor. The basement includes additional parking and approximately 50 sq.m. of communal storage areas.

This property offers excellent flexibility — complete the development and retain it for rental income, or finish and sell the apartments individually for capital gain.

Perfect for student accommodation.

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