Investment 997 m² in Greater Nicosia, Cyprus
Cyprus, Greater Nicosia
€1,10M
€1,103/m²
Location
Property characteristics
Property parameters
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Price per m²€1,103/m² -
Total area997 m²
Description
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
Updated at: 16/07/2024
Location on the map
Cyprus, Greater Nicosia
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