High Yield Investment Opportunity – Whole Building of 15 Apartments in Acropolis, Nicosia

Description

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 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.
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.