#15608
For Sale, Mixed-Use Building in Agios Andreas, Nicosia
1,600,000€+VAT
#15608
For Sale, Mixed-Use Building in Agios Andreas, Nicosia
1,600,000€+VAT
1,300m²
3
1,300m²
3
Resale
Investment Opportunity
An excellent investment opportunity, this mixed-use building is ideally located in the central and highly sought-after area of Agios Andreas, Nicosia, offering convenient access to all essential amenities and major road networks.The property comprises approximately 1,300 sq.m. of covered areas, distributed as follows:
Ground Floor: Approximately 400 sq.m., consisting of 11 retail shops, each with a mezzanine level.
First to Third Floors: Approximately 900 sq.m., comprising:
1st Floor: Four apartments (a mix of 2-bedroom and 3-bedroom units).
2nd Floor: Three apartments, including one 3-bedroom apartment and two 2-bedroom apartments.
3rd Floor: Three apartments, including one 3-bedroom apartment and two 2-bedroom apartments.
Basement: Approximately 200 sq.m., providing additional storage and ancillary space.
The property already generates an immediate rental income, with 4 of the retail shops currently leased, producing a total monthly rental income of €3,035.
Benefiting from frontage on two public roads, the building enjoys excellent accessibility and visibility. Its prime central location, combined with the consistently high demand for residential rentals in the area, makes it an outstanding opportunity for investors seeking both stable income and long-term capital appreciation.
Property Info
15608
1,600,000€+VAT
Nicosia
Details
Building Type:
Mixed-use Building
Construction Stage:
Resale
Covered Parking:
8
No. of Floors in building:
3
Construction Type:
Concrete
Areas
Covered Area:
1,300m²
Basement Are:
200
Energy
Energy Efficiency Grade:
A
Main Features
Title Deed Status:
Mortgage Calculator
Amount Financed:
Mortgage Payments:
Annual cost of Loan:
Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.