Description
Building with (12) twelve flats in Agios Georgios quarter of Latsia municipality of Nicosia District. It is located in a quiet residential neighborhood with good access to the motorway and close to services and other amenities.
It is a two-storey building that was constructed around the year 1998 and consists of a ground floor parking space and twelves flats on the floors above.
On the1st floor there are six flats (2 one bedroom & 4 two bedrooms flats). The internal area of the flats is varying from 42sqm to 61sqm plus covered verandas.
The 2nd floor is similar with the 1st floor and consists of six flats (2 one bedroom & 4 two bedrooms flats). The internal area of the flats is varying from 42sqm to 61sqm plus covered verandas.
Each flat has exclusive right of use of a covered parking space on the ground floor.
It is noted that seven (7) out of twelve (12) flats are rented with a total income of €2.350/month while the flats (No. 101, 103, 105, 201, 205) are vacant.
Total internal area of the building is approximate 646sqm.
The building is considered as an appealing investment opportunity as it has potential for higher yields of more than 6%.
