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High yield investment opportunity in a whole building of 15 rented/ready for rent apartments, centrally located in Acropolis, Apostolos Varnavas & Agios Makarios Nicosia. The asset is located within walking distance to all amenities and services, approximately 130m southwest of Athalassas Avenue, approximately 70m east of Iosif Hadjiosif avenue and approximately 580m northwest of Aretaeio Hospital.
The five-storey building offers a 5.6% yield and consists of fifteen (15) apartments, three apartments on each floor.
Floors 1 to 3: Each floor consists of 3 one bedrooms apartments comprising of an open plan area with a living room and a kitchen, a bathroom, 1 bedroom and a covered veranda.
Floors 4 to 5: Each floor consist of a 1 bedroom apartment comprising of a living room and kitchen in an open plan area, a bathroom, one bedroom and a covered veranda, as well as both floors have two studio apartments comprising of a kitchen and a bedroom in an open plan area, a bathroom with shower and a covered veranda.
Additionally, the property offers a basement comprising of 7 covered parking spaces, a laundry room, 15 storage units, one for each apartment, and a general building storage.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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