876m2 Building in Nicosia, Cyprus No. 26954

Residential Building with 18 apartments is located within the administrative boundaries of Engomi Municipality, Nicosia. It is situated at a distance of 825 meters southeast of ‘Nicosia University’ main building, at a distance of 670 meters southeastern of ‘Mall of  Engomi’ and at a distance of 870 meters approximate northwest of the Cyprus Expo. Furthermore, it is located at a short distance to the west of Iroon Avenue. The property has easy access to the central business district via Griva Digeni Avenue to the northeast and to Iroon Avenue to the east which leads to the outer ring road that give access to the A1 Nicosia – Limassol motorway and also to western suburbs. The wider area of the property is consisting mainly of residential and commercial buildings, beginning with low to medium standard commercial units such as showrooms and office spaces, universities, Diplomatic missions, restaurants, coffee houses and retail units, etc. and moving western to the residential area with high quality-built houses and apartments.  
 
Construction Year: 2010 Property Size: 876 m2 + 143 m2 Parking Space: 24 covered parking spots Current Status: Fully rented out Annual Rent Received: 120’000 EUR Yield: 5-6% 
 
Advantages: 
- Close distance to universities - Small apartment size and studios - Excellent accessibility - Easy to rent all year round