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Makedonitissa, Nicosia

€1,500,000  ($1,743,353)

Property Masters

Property Masters

Reg. No. 1140, Lic. No. 580

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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 $61,017

Average Bank Rate (€1,500,000)
1 USD = 0.8313 EUR
$1,804,370

Mid-market rate (€1,500,000)
1 USD = 0.8604 EUR
$1,743,353

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: 8560326 (1783)
  • Plot: 521 sqm

Description

A rare opportunity to acquire a strategically located commercial building in the highly sought-after area of Engomi, offering a combination of immediate rental income and significant upside potential.

Situated on a 521 m² plot, this versatile asset is ideal for investors, developers, or owner-occupiers seeking a well-positioned commercial property in one of Nicosia’s most active business districts.

Property Breakdown:
🏢 Basement: 430 m²
🛍 Ground Floor Retail Space: 232 m² (currently rented)
🏬 Mezzanine: 103 m² (currently rented)
🏢 1st Floor Open Plan Commercial Space: 220 m² (vacant)
🏢 2nd Floor Open Plan Commercial Space: 220 m² (vacant)

Key Investment Highlights:
✅ Immediate income from existing tenants
✅ Two vacant upper floors ready for leasing or owner use
✅ Flexible open-plan layouts
✅ Strong commercial visibility in a prime Engomi location
✅ Excellent long-term capital appreciation potential
✅ Ideal for office use, medical practices, retail headquarters, education centres, or mixed commercial operations
The existing rental income from the ground floor and mezzanine provides immediate returns, while the vacant upper floors allow the new owner to maximise yield through additional leasing opportunities.
This is an excellent opportunity to secure a commercial asset in one of Nicosia’s strongest business locations with both stability and upside.

📩 Contact us for pricing, rental details, and viewings.

REFERENCE NUMBER: CK74014P

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
€56,600 ($65,783)
If buying on joint names
€53,200 ($61,831)

Disclaimer - Property reference 8560326. 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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