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Residential Building in Nicosia, walking distance to the University


Nicosia Centre, Nicosia

REF: B-119311
€1,250,000
ENQUIRE NOW
Available
Property for Sale in Nicosia, Nicosia Centre, Cyprus

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Internal Area (sq.m.)
450m2
Plot/land (sq.m.)
521m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Residential
  • Property Label: Investment Property
  • Location: Nicosia, Nicosia Centre, Cyprus
  • Internal Area: 450sqm
  • Price: €1,250,000
  • VAT: N/A
  • Loan Installment: €6,127

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €1,250,000
Own Contribution (30%): €375,000
Loan Amount (70%): €875,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 15 Years
  • Total No of Floors: 3
  • Plot/Land Size: 521sqm
  • Units: 8
  • Reference: B-119311
  • Energy Efficiency Certificate: In Progress

Property Description

This is a Residential Building suggested as one the best Yield Investments in Nicosia. Earning 8 Rents from furnished apartments with ready final approval for 8 separate title deeds. Located walking distance from the most famous University of Nicosia and surrounded with all services and amenities. The ground floor consists of parkings and storages for the flats and a nice lobby to welcome the tenants of the building. The first and second floor are identical consisting of 1 apartment with 2 bedrooms and 2 apartments with 1 bedroom. The third floor consists of 1 apartment with 2 bedrooms and another apartment with 1 bedroom that can be easily converted to 2 bedrooms. It is already rented and it is the only property of a company, therefore the buyer does not have to pay title deeds transfer fees. Strongly recommended investment. Call Now.

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Marinos Ioannou

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Additional Details

Parking-Covered
Use of building
Residential
No of parking spaces
9
Air Conditioning

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