Investment 997 m² in Nicosia, Cyprus

This building is situated close to a plethora of amenities and services such as shops, schools, supermarkets, restaurants, university etc. In addition, it enjoys excellent access to the Nicosia center. The building comprises of basement, ground floor, mezzanine and 5 upper floors. It consists of parking spaces in the basement, a shop with mezzanine on the ground floor, apartment on the mezzanine and 12 apartments on the upper floors. Specifically, the building consists of four (4) one-bedroom apartments, eight (8) two-bedroom apartments and a three-bedroom apartment. The building is in a satisfactory state of condition. The area of the shop on the ground floor is 145 sqm, the mezzanine 108 sqm  and the apartments is 810 sqm. The shop is vacant, while six (6) out of thirteen (13) apartments and the roof are rented for €2.480/month and a yield 2.7%. The property has the potential to offer a yield of 6%. Characteristics Enclosed area: 997 m2 Mezzanine: 66 m2 Veranda : 144 m2 Covered Land: 698 m2 Title deed: The property has a separate title deed