Property 2400 Engomi, Nicosia / B-98536
The Project Involves The Sale Of A Residential Building In Egkomi, Nicosia. It Comprises Of 10 One-bedroom Flats And 6 Studios, Each With Parking And A
For Sale • Deal
1,950,000€
Estimated Mortgage
/month
650
m2
Property Description
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.
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Unfurnished
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
74,600 €
Transfer Fees Joint Names
71,200 €
Stamp Duty
3,808 €