1918sqm commercial building in egkomi, nicosia
- Reference number: DP-CY17836/TA_1902
- Area: 1918 m²
- Type: Restaurants, bars
- Condition: Resale
- Energy Efficiency: In Progress
- Square meter price: €978 /m²
The property is a four-storey mixed-use building with a basement and mezzanine, located in the high-demand area of Engomi, Nicosia.
The building consists of a ground floor retail shop of approximately 340 sq.m. and a mezzanine level of approximately 148 sq.m. Floors one to three each offer office spaces of approximately 310 sq.m., providing flexible commercial accommodation.
The basement extends to approximately 500 sq.m., offering ample parking spaces and auxiliary/storage areas.
Engomi is a consistently sought-after district due to its proximity to universities, embassies, and major corporate offices, ensuring strong long-term demand for both commercial and residential properties.
Regarding occupancy, the ground floor and mezzanine are currently occupied, noting that there are ongoing legal actions concerning these units.
The upper floors (1–3) are vacant and available for immediate use or leasing.
The property is held within a Special Purpose Vehicle (SPV), and the acquisition of the company shares results in no Transfer Fees and no VAT being applicable to the transaction, enhancing its overall investment attractiveness.
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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