€850,000 $899,288
Fox Smart Estate Agency Nicosia
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Pay in USD and save up to $31,475Key features
- Listing ID: 1324627 (33621)
- Plot: 693 sqm
Description
Location:
• Situated in the tranquil Agios Georgios area, offering residents a peaceful residential environment.
• Excellent accessibility to the highway and proximity to essential services and amenities enhance convenience.
External Features:
• Constructed in 1998, this two-storey building comprises ground floor parking and twelve well-appointed apartments.
Building Characteristics:
• The 1st and 2nd floors each host six apartments, featuring a mix of one and two-bedroom layouts.
• Internal areas range from 42sqm to 61sqm, complemented by covered verandas, ensuring comfortable living spaces.
• Each apartment includes exclusive access to a covered parking space on the ground floor.
• Currently, seven out of twelve units are leased, generating a monthly income of €2,350, with five units vacant (No. 101, 103, 105, 201, 205).
• Total internal area of approximately 646sqm offers ample accommodation for residents.
Advantages - Special Features:
• Ideal for investment, this residential building is located in a sought-after area, facilitating easy commuting to Nicosia City Center and other cities via the nearby highway.
• Offers promising investment potential with projected yields exceeding 6%, making it an attractive opportunity for savvy investors.
Buying expenses
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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