Property 1110 Nicosia / B-107894
A Unique Investment Opportunity In Nicosia, Perfect For Student Accommodation Or AirBnB. The Old Building Is Located Next To Ledras Avenue, Surrounded By Small
10
For Sale • Deal
540,000€
Estimated Mortgage
/month
400
m2
400
Plot m2
Overview
Property Description
This property presents an exceptional investment opportunity, ideally suited for student accommodation or as an AirBnB rental. Strategically located just 20 meters from the famous Ledras Avenue in the old city of Nicosia, the building is surrounded by small hotels, coffee shops, restaurants, and shops, making it a vibrant and desirable location. The building itself consists of three floors, covering a total area of approximately 400 sq.m. The ground floor comprises two shops facing the street and an apartment facing the backyard.
The first and second floors each house three studios with small balconies and a single one-bedroom apartment. The property comes with five title deeds. The building is currently unfurnished, allowing the new owner the freedom to design and furnish the interior according to their preference and the needs of the intended occupants. The property is also part of the European Union's Recovery and Resilience Plan, NextGenerationEU, and there are conditions to participate in the funding scheme for Student Residences - Student Rooms.
With a full renovation, the income from rentals can reach approximately 60,000 - 70,000 per year. This property offers a unique investment opportunity in a prime location, perfectly positioned to take advantage of the growing demand for student and short-term accommodation in the heart of Nicosia.
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Location
48.61 kms
113.10 kms
0.95 kms
1.43 kms
1.91 kms
2.04 kms
2.09 kms
2.50 kms
2.74 kms
2.83 kms
3.00 kms
3.58 kms
3.67 kms
3.90 kms
5.91 kms
0.19 kms
0.27 kms
0.30 kms
0.36 kms
0.67 kms
0.70 kms
1.16 kms
1.40 kms
2.32 kms
3.58 kms
4.61 kms
4.66 kms
Transfer Fees
Transfer Fees Individual
18,200 €
Transfer Fees Joint Names
14,800 €
Stamp Duty
988 €