#8276

Investment Opportunity in 7 Yield Producing Apartments at Latsia, Nicosia

Latsia, Nicosia

€875,000
  • 12Bedrooms
  • 11Bathrooms
  • 11Toilets
  • 2011Year of Construction
  • Title Deed
  • 481 m2Covered Area
  • 744 m2Plot Area
  • 71 m2Covered Veranda
  • Unfurnished
An excellent investment opportunity in seven apartments, out of totally nine apartments, situated on a two-storey building in Latsia, Nicosia. The asset is located approx. 450m from the motorway and approx. 2km from Latsia community centre.

The apartments are currently under rental agreement with a 5.5% rental return.

Three of the apartments on the 1st and 2nd floor 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.

Three of the apartments on the 1st and 2nd floor are 1 bedroom apartments and consist of an open plan sitting, dining and kitchen area, one bedroom and one bathroom.

One apartment on the third floor 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.

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

Facilities

  • Parking, Covered

Features

  • Investment opportunity
  • Open plan
  • Rental Potential
  • Veranda
Any areas, energy class, measurements or descriptions are approximate and for guidance only. All information provided by Arazo Estates Ltd should be independently verified and confirmed by interested party. No guarantee, warranty or representation of any kind is made regarding accuracy of any data mentioned herein. All photographs are provided for guidance only.

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