Property 2400 Engomi, Nicosia / 49116
Prime Mixed-use Building In Engomi, Nicosia.
-59%
Opportunity!
Why is this Property Classified as an Opportunity?
Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.
Nicosia Indicative Price
2,410.67 €This Property
977.58 €For Sale • Deal
1,875,000€
Estimated Mortgage
/month
1918
m2
707
Plot m2
Overview
Property 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).
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Electricity
Water
Basement
Location
50.05 kms
106.99 kms
1.17 kms
2.65 kms
2.73 kms
3.18 kms
3.49 kms
4.11 kms
4.18 kms
4.21 kms
4.34 kms
4.60 kms
4.75 kms
5.98 kms
6.59 kms
4.89 kms
5.11 kms
5.12 kms
5.44 kms
5.55 kms
5.82 kms
5.89 kms
6.15 kms
6.30 kms
6.84 kms
8.40 kms
9.24 kms
Transfer Fees
Transfer Fees Individual
71,600 €
Transfer Fees Joint Names
68,200 €
Stamp Duty
3,658 €