Property 16221 Nicosia, Nicosia / A-101271

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.