Apartment Building for sale in Nicosia Walled Old City, Nicosia

UNIQUE INVESTMENT OPPORTUNITY for Students or AirBnB!!! (Price negotiable)
This old building is just next (only 20 meters walk) to the famous Ledras Avenue in the old City of Nicosia, surrounded by small hotels, coffee shops, restaurants, and shops.Cyprus - Eu Sponsorship:

The total fund that will be allocated for sponsorships, during the period of implementation of the Plan, amounts to €15m. The minimum investment (eligible expenditure), both for the conversion of a building into a student residence/student rooms and for the construction of a new building for use as a student residence/student rooms, is set at €140,000. The maximum amount of sponsorship per beneficiary is €2,000,000.
The amount of the sponsorship (sponsorship intensity) will be as follows: 75% on the eligible costs of each Proposal for the conversion of an existing building into a student residence/student rooms, 50% on the eligible costs of each Proposal for the construction of a new building intended for student accommodation/ student rooms
There are all the conditions to participate in the funding scheme for Student Residences - Student Rooms, a central tool of NextGenerationEU, the European Union's Recovery and Resilience Plan.
Find out more regarding the Government Sponsorship here https://www.philenews.com/oikonomia/kypros/article/1459327/os-2-ekat-choriga-ga-foititiki-estia-stin-palia-lefkosia 

*Please note that the photos in this listing are conceptual drawings of how the property will look after refurbishment.                      [All architecture plans, Renovation cost plans, and designers prospectus are available for the new owner] 
The building consists of three floors of approximately a total 400 sq.m. with five title deeds as follows:
Ground floor
A. Two shops facing the street (two commercial title deeds)
B. One apartment facing the backyard (one residential title deed)
First floor
Three studios with small balconies and a single one-bedroom apartment (one residential title deed for the entire floor)
Second floor
Three studios with small balconies and a single one-bedroom apartment (one residential title deed for the entire floor)Investing prospects

The building is ideal for both long-term and short-term als -Airbnb
All residential units are cur ly ed to foreign workers.
Considering that the building is fully renovated, the income from Rentals can reach approximately €60,000 - €70,000 / year.