Modern Commercial & Residential Building for Sale in Engomi Nicosia

  • €2,000,000
  • Buildings
  • Property Type
  • 1800
  • sq.m.
  • 2013
  • Year Built

Overview

Property ID: 3891
  • Buildings
  • Property Type
  • 1800
  • sq.m.
  • 2013
  • Year Built

Description

Location:

Engomi, Nicosia

Description:

Modern  Architecture Building with built area of 1,800 sq. m, within a plot of area 675 sq. m, in the area of Egkomi, within Nicosia District.

It consists of basement, 2 stores with mezzanine on ground floor, 1 office on 1st floor, 2 apartments on 2nd floor & 2 apartments on 3rd floor.

Features:

Elevator, double glazing, open plan layout. It also has a water heater working with : solar panels. The Energy Efficiency Class A.

The Building was constructed in 2013. Electricity, Telephone, Water  Connection, Connected to sewage system, Corner – access from two roads.

Τhe plot area is 675 square meters. Walking distance from various amenities. Nearby Distance to: nursery, primary school, secondary school, university, supermarket, children s play area, Church.

It is within close proximity to Makedonitissa area.  There is road frontage of 52 meters. The investment is € 1,111 per covered square meter. It has yearly rent return of €100,000. The property has title deeds and no VAT tax.

A great investment opportunity with an annual return of aprx. 5% ROI. It has also an unused build coefficient and can add another floor, making a possible increase in ROI to around 6%. An excellent investment with high profile tenants who invested in renovations of their space.

Details

Property ID
3891
Property Size
1800 sq.m.
Land Area
675 sq.m.
Year Built
2013

Address

Contact Information

Ms. Eleni Averkiou
  • Ms. Eleni Averkiou
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Ms. Eleni Averkiou
  • Ms. Eleni Averkiou