#6152
For Sale, MIxed Use Building In Old Town, Nicosia.
€622,000
#6152
For Sale, MIxed Use Building In Old Town, Nicosia.
€622,000
850m²
3
850m²
3
Resale
Property Description
Located in the enchanting old city of Nicosia, this three-storey building holds immense potential as an alluring investment opportunity. Its current configuration comprises of six shops on the ground floor, four spacious three-bedroom apartments on the first floor, and three equally impressive three-bedroom apartments on the third floor.What sets this property apart is the approved plan by local authorities to renovate and transform it into 16 modern studio apartments. Alternatively, the layout can be customized to suit alternative configurations. This paves the way for remarkable potential returns on investment, it promises a high yield of 10%.
With its prime location, approved renovation plans, and existing rental income, this building represents an outstanding proposition for those seeking a profitable venture.
Property Info
6152
€622,000
Nicosia
Details
Building Type:
Mixed-use Building
Construction Stage:
Resale
No. of Floors in building:
3
Construction Type:
Concrete
Areas
Covered Area:
850m²
Plot Area:
280m²
Mortgage Calculator
Amount Financed:
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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.
