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For Sale Unique Residential Building in Nicosia Old-town - EXCLUSIVELY BY FOX


Old City, Nicosia

REF: B-107894
€540,000
ENQUIRE NOW
Available
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus

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Internal Area (sq.m.)
400m2
Plot/land (sq.m.)
400m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Residential
  • Property Label: Investment Property
  • Location: Nicosia, Old City, Cyprus
  • Internal Area: 400sqm
  • Price: €540,000
  • VAT: N/A
  • Loan Installment: €2,424

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: €540,000
Own Contribution (35%): €189,000
Loan Amount (65%): €351,000
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 66 Years
  • Total No of Floors: 3
  • Plot/Land Size: 400sqm
  • Units: 12
  • Exclusive Listing: Yes
  • Reference: B-107894
  • Energy Efficiency Certificate: In Progress

Property Description

Residential Building for sale, Old-Town, Nicosia

UNIQUE INVESTMENT OPPORTUNITY!!!

This old building is at the closest street to the old Town in Nicosia, only 20 meters walk, surrounded by small hotels, coffee shops, restaurants and shopping.
*Please note that the photos in this listing are conceptual drawings on how the property will look after refurbishment.

The building consists of three floors of approximately 400 SQM with five title deeds as follows:

Ground floor

A. Two shops facing the street - two commercial title deeds.

B. One apartment facing the back yard - 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.

The building is ideal for both long-term and short-term rentals.

All residential units currently rented to foreign workers.

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Aliona Novak

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Additional Details

Title deed or under separation
Title deeds available
Use of building
Residential

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