Four-storey building with a basement located in Engomi, Nicosia
For Sale / EUR 1.875.000
77775070
or +357 95598488
Property ID:
VL53376
Office Code:
NEAL
Type:
Shop
Total Floors:
5 (Floor No.: 1)
33
2
246
Area:
Engomi
District:
Nicosia
Year Built:
1978
Covered Internal Area:
358 m2
Plot Size:
707 m2
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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 based on new architectural measurements:
Ground Floor Shop: 354sq.m.
Mezzanine: 166sq.m.
Floors 1?3: Three office floors of 344sq.m. each.
Floor 4: 74sq.m.
Basement: Approximately 358sq.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).
Building Composition based on new architectural measurements:
Ground Floor Shop: 354sq.m.
Mezzanine: 166sq.m.
Floors 1?3: Three office floors of 344sq.m. each.
Floor 4: 74sq.m.
Basement: Approximately 358sq.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).
MAIN PROPERTY FEATURES
Garage / Designated Parking
This shop in Engomi, Nicosia is being offered for sale at EUR 1.875.000.
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