Property 2201 Latsia, Nicosia / B-124644

Building with five flats and a workshop in Latsia Municipality of Nicosia District. It is located in a quiet residential neighborhood with good access to the highway and close to services and other amenities. The property is situated near to schools, near to Giannou Kranidioti Avenue. The building was constructed around the year 1990 and consists of a workshop on the basement and five flats on the floors above.

Parking spaces/storages on the basement and uncovered parking spaces on the ground floor. Total internal area of the building approximate 623sqm. The workshop has total area of 70sqm. It is noted that the workshop is rented for 300/month.

On the ground 1st floor there are four duplex flats (1-2 bedrooms). The internal area of the flats is varying from 76sqm to 106sqm plus an uncovered veranda. On the 2nd floor there is a three-bedroom apartment with total area of 169sqm plus 6sqm covered veranda and 14sqm uncovered veranda. Each flat has exclusive right of use of one uncovered parking space on the ground floor.

It is noted that four out of five flats are rented with a total income of 1740/month while flat (No 2) is vacant. The building is considered as an appealing investment opportunity.