Four-Storey Mixed-Use Building with Basement | Engomi | Nicosia

Location: Engomi, Nicosia
Total Built Area: 1,918 sqm
Land Area: 707 sqm
Parking Spaces: 16
Year Built: 1978
Floors: 4 + Basement + Mezzanine
Elevators: 1 (with basement access)

Property Overview

An exceptional investment opportunity in a four-storey mixed-use building with basement and mezzanine, situated in the high-demand district of Engomi, Nicosia. The property is ideal for investors seeking commercial and office space in a prime location.

Building Composition

• Ground Floor Shop: ~340 sqm
• Mezzanine: ~148 sqm
• Floors 1–3: Three office floors, ~310 sqm each
• Basement: ~500 sqm, providing ample parking and auxiliary rooms

Strategic Location

The building is strategically located just 20m north of Griva Digeni Avenue, one of Nicosia’s most prestigious commercial streets. It is also approximately 300m northeast of Kyriakos Neokleous Primary School. Engomi is highly sought after for both commercial and residential use, benefiting from proximity to universities, embassies, and major corporate offices.

Occupancy Status

• Ground Floor & Mezzanine: Occupied (subject to ongoing legal actions)
• Floors 1–3: Vacant, available for immediate use or leasing

Investment Highlights

• Property held within a Special Purpose Vehicle (SPV): purchase of company shares means no Transfer Fees and no VAT
• High-demand, easily leasable location
• Ample parking and versatile building layout
• Elevator access to all floors, including basement

Additional Information

• Frontage: 21 m
• Plot Slope: Flat
• Energy Performance Certificate (EPC): Pending