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.
Strategic Location:
• The asset is ideally situated in one of Nicosia’s most prestigious commercial corridors.
• Engomi consistently experiences high demand for both commercial and residential units due to its proximity to universities, embassies, and major corporate offices.
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.
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).
Strategic Location:
• The asset is ideally situated in one of Nicosia’s most prestigious commercial corridors.
• Engomi consistently experiences high demand for both commercial and residential units due to its proximity to universities, embassies, and major corporate offices.
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.
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).
Property facts
- Property reference49116
- Property typeCommercial
- Property statusrent
- Price£ 1,621,489
- Bedrooms0
- Bathrooms0
- BuiltN/A
- LocationOther, Egkomi, Cyprus
- Price text1,875,000 EUR
- Numeric price1,621,489 GBP
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Agency
FOX - Nicosia Office
City
Other
Region
Egkomi
Country
Cyprus
Source
HME/propertyfeed