Investment Opportunity Block of Flats Next to the General Hospital, Nicosia - HomeGate Real Estate
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Investment Opportunity Block of Flats Next to the General Hospital, Nicosia

€ 975,000
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Property ID: 90056

Description

An excellent investment opportunity for sale seven out of totally nine apartments, situated on a two-storey building in Latsia area, 20 meters from Strovolos boundaries and around 500 meters from the General Hospital of Nicosia.
The apartments are currently under rental agreement with a 5.56% rental return (€54.240 yearly).
Apartments with door no. 102, 201 and 202 are 2 bedroom apartments, and consist of an open plan sitting, dining and kitchen area, two bedrooms of which the master bedroom includes a toilet and a main bathroom.
Apartments with door no. 104, 105 and 204 area 1 bedroom apartments, and consist of an open plan sitting, dining and kitchen area, one bedroom and one bathroom.
Apartment no. 203 is a 3 bedroom apartment and consists of an open plan sitting, dining and kitchen area, three bedrooms of which the master bedroom is en-suite, and a main bathroom.
Externally, all the apartments have covered verandas and exclusive right of use of a designated covered parking spot on the ground floor.
Apartment No. 203 has the exclusive right of use of two designated covered parking spots on the ground floor.
The asset is located approx. 450m from the motorway and approx. 2km from Latsia community centre.
This property consists of:
Flat 102 extends to approximately 77 sq.m. in total internal areas and 12 sq.m. of covered verandas.
Flat 104 extends to approximately 51 sq.m. in total internal areas and 7 sq.m. of covered verandas.
Flat 105 extends to approximately 50 sq.m. in total internal areas and 7 sq.m. of covered verandas. .
Flat 201 extends to approximately 75 sq.m. in total internal areas and 12 sq.m. of covered verandas.
Flat 202 extends to approximately 77 sq.m. in total internal areas and 12 sq.m. of covered verandas.
Flat 203 extends to approximately 101 sq.m. in total internal areas and 14 sq.m. of covered verandas.
Flat 204 extends to approximately 50 sq.m. in total internal areas and 7 sq.m. of covered verandas.

The properties fall within Zone Κα5, with a building coefficient of 100%, coverage of 50%, and permission for 3 floors (13.5m) of construction.

Property Details

Property Id : 42915
Price: € 975,000
Property Lot Size: 744 m2
Property ID: 90056

Property Location

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Area:
Country: Cyprus

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