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Commercial Building
Egkomi, Nicosia

€1,875,000  ($2,160,554)

Cyprus Properties

Cyprus Properties

Reg.num: 841 / Lic.num: 387/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $75,619

Average Bank Rate (€1,875,000)
1 USD = 0.8385 EUR
$2,236,173

Mid-market rate (€1,875,000)
1 USD = 0.8678 EUR
$2,160,554

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 8286566 (40433)
  • Plot: 707 sqm

Description

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 being applicable to the transaction. Note: Pending issuance of Energy Performance Certificate (EPC).

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€71,600 ($82,504)
If buying on joint names
€68,200 ($78,587)

Disclaimer - Property reference 8286566. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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