bedroom Commercial Building in Nicosia’s City Center, Nicosia
Ref No:
€622.000
- Status: For Sale
- Property type: Commercial Building
- Ref. ID: 54287
- City: Nicosia
- Area: Nicosia
- Plot / Land Area: 280 m2
- Year Built: 1955
- Covered Area: 850 m2
- Total no. of floors: 2
- Energy Efficiency Rating: In Progress
Details
A three-story building in the old city of Nicosia, the building includes: ground floor six shops.
First floor 4 apartments (three bedrooms)
Third floor 3 apartments (three bedrooms)
Attic floor, open.
The building has been renovated to a low standard and is rented at a high yield of 10% –
The tenants can be evicted with very short notice if they want to vacate it.
There are plans approved by the authorities to renovate it and turn it into 16 studio apartments. Or any other combination.
A very attractive building for investors.
