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Pay in USD and save up to $129,041Investment Opportunity 20 luxury 1 bedrooms apartment with 2 Lots– Residential Building in Prime Engomi Location (Next to Universities)
We are pleased to offer a unique investment opportunity in one of the most sought-after areas of Engomi, Nicosia — just steps away from leading universities, making this property ideal for student or young professional housing.
📍 Location Highlights:
Situated in a prime residential area of Engomi
Walking distance from top universities
High rental demand and capital appreciation potential
📐 Plot Size: 799 sq.m.
Property Description:
The building is a modern residential development under construction and consists of:
4 Floors + Basement
Total Units:
Ground, 1st, 2nd, and 3rd Floors: 6 one-bedroom apartments per floor
Top Floor (4th): 2 penthouse units with the potential to convert into 2-bedroom apartments (pending final approval)
Parking & Storage:
Each unit comes with its own covered parking space and individual storage room on the ground floor
Additional communal storage spaces of approx. 50 sq.m. in the basement
Basement includes further parking spaces
Investment Options:
Buy & Hold Strategy
Retain the property, complete the construction, and lease the apartments individually.
→ Strong rental income potential due to location and unit mix.
Sell by Unit Strategy
Finish construction and sell apartments individually.
→ Potential for high return on capital due to unit demand in the area.
Current Status:
Construction Stage: Columns and structural framework for the ground floor are completed
Planning Permission: Fully approved
Ready for continuation of development
Asking Price (As Is): €1,450,000
This is a rare opportunity to acquire a strategically located asset with flexible exit strategies — whether for steady rental yields or profitable resale upon completion. Needs additional 1.500.000 € to finish.
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 7604423. 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.
