Property 5839 Engomi, Nicosia / B-98536

This residential building project is located in the rapidly developing community of Egkomi, within the district and municipality of Nicosia. The building comprises of 16 units in total - 10 one-bedroom flats ranging from 40 to 50 square meters and 6 studio apartments which are approximately 35 square meters each. The verandas add an additional 25% square meter to the net area of each unit. Every unit includes a parking spot and a warehouse. The building is currently in the construction phase with an expected completion date in May 2020. The building's prime location near a university, currently hosting 11,500 students, offers a great investment opportunity with an estimated income yield of up to 6% from student rentals. Additional features include provisions for split units and central heating. The building's energy efficiency grade is pending certification. The sale price is 3000.00 per square meter, plus VAT. The building is being sold as a whole. For more information or to arrange a visit to the project, please do not hesitate to contact me.