Property 16221 Nicosia, Nicosia / A-101271

An exceptional investment opportunity to acquire two floors of apartments near Nicosia's biggest Universities. It includes 11 studios and 3 one-bedroom apartments with an additional veranda space.

Price 900,000
Estimated mortgage 3,099 /mo
Key facts 512 m²

Overview

Community Nicosia
District Nicosia
Property type Flat
Reference A-101271
Built area 512 m²

Property Description

This remarkable investment opportunity presents an apartment complex, located in the heart of Agioi Omologites, Nicosia. The property consists of two entire floors, covering a total area of 512 square meters. The space smartly accommodates 11 studio apartments and 3 one-bedroom apartments. Moreover, it includes an extra 154 square meters of veranda space, which holds the potential to be converted into another 4 studios and a one-bedroom apartment. The property is situated very near to the largest Universities in Nicosia, making it a highly attractive rental option for students. This strategic location guarantees a high occupancy rate and thus, a steady return on investment. The property is currently for sale, and is expected to generate a 7.5% annual yield on the asking price. The building is relatively new, being in the resale stage of construction, and is sold unfurnished, providing the new owner with the opportunity to customize and optimize the space to their liking. Furthermore, the property is equipped with central heating and air conditioning to ensure the comfort of its residents. As a testament to its quality, the property is listed as an 'Investment Property' in our custom investment category. For more details, please contact us.

Property Highlights

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Sustainability / Energy

Energy efficiency rating Energy data pending

Location

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Mortgage Expense Planner

Interest rate
Years
Monthly installment
Total interest

Transfer Fees / Costs

Transfer fee individual 32,600
Transfer fee joint 29,200
Stamp duty 1,708

Indicative costs only. Legal and financial advice should be confirmed before purchase.

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Nearby

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