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.
