Property 18062 Nicosia, Nicosia / B-107894

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.