481sqm residential building in latsia, nicosia

An excellent investment opportunity in seven apartments situated on a two-storey building in Agios Georgios, Latsia, Nicosia. The apartments are currently under rental agreement with a 5.5% rental return. Apartments with door no. 102, 201 and 202 are 2 bedroom apartments, and consist of an open plan sitting, dining and kitchen area, two bedrooms of which the master bedroom includes a toilet and a main bathroom. Apartments with door no. 104, 105 and 204 area 1 bedroom apartments, and consist of an open plan sitting, dining and kitchen area, one bedroom and one bathroom. Apartment no. 203 is a 3 bedroom apartment and consists of an open plan sitting, dining and kitchen area, three bedrooms of which the master bedroom is en-suite, and a main bathroom. Externally, all the apartments have covered verandas and exclusive right of use of a designated covered parking spot on the ground floor. Apartment No. 203 has the exclusive right of use of two designated covered parking spots on the ground floor. The asset is located approx. 450m from the motorway and approx. 2km from Latsia community centre. This property consists of: Property (1) is approximately 77 sqm. in total internal areas and 12 sqm. of covered verandas. Property (2) is approximately 51 sqm. in total internal areas and 7 sqm. of covered verandas. Property (3) is approximately 50 sqm. in total internal areas and 7 sqm. of covered verandas. . Property (4) is approximately 75 sqm. in total internal areas and 12 sqm. of covered verandas. Property (5) is approximately 77 sqm. in total internal areas and 12 sqm. of covered verandas. Property (6) is approximately 101 sqm. in total internal areas and 14 sqm. of covered verandas. Property (7) is approximately 50 sqm. in total internal areas and 7 sqm. of covered verandas. The properties fall within Zone Κα5, with a building coefficient of 100%, coverage of 50%, and permission for 3 floors (13.5m) of construction.