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Sale

38656

Nicosia

Building

€ 2,000,000

Areas

 - Egkomi

 - Makedonitissa


Features

 - Parking (Covered)
 - Ground Floor
 - Levels 4
 - Baths/Showers 4
 - WC 8
 - Price/m2 €2,618/m2
 - Cov/d: 764 m2
 - Veranda 160 m2
 - Plot: 675 m2
 - Year Built 2013
 - Double glazing
 - Modern architecture
 - Open plan layout
 - Heating (Central)
 - Heating a/c ((Hot & Cold))
 - Heating (panels in each room)
 - a/c
 - Appliances
  · Connected to sewage system
  · Corner - access from two roads
  · Electricity
  · Telephone
  · Water Connection
Plot (Zone)
 - Zone Eb4
 - Built Coef. 140 %
 - Cov.Coef. 50 %
 - Max Height 17.00 Meters
 - Max Floors 4
 - Road Type: main road

Area Description

 - Walking distance
  · bakery
  · bank
  · beauty salon
  · corner shop
  · hair dresser
  · park
  · pharmacy
 - 5 minutes
  · childrens play area
  · Church
  · nursery
  · primary school
  · secondary school
  · supermarket
  · university
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Description:
Building with title deed, with built area of 764 sqrm, within a plot of area 675 sqrm, in the area of Egkomi within Nicosia (Lefkosia) district. Main features include: Double glazing, modern architecture, open plan layout. The Building was constructed in 2013. Please also note that the building is comprised of 0 units. Electricity, Telephone, Water Connection, Connected to sewage system, Corner - access from two roads, Τhe plot area is 675 square meters. Walking distance from: bank, pharmacy, hair dresser, beauty salon, corner shop, bakery, park. 5 minutes from: nursery, primary school, secondary school, university, supermarket, childrens play area, Church. It is within close proximity to: Makedonitissa. The type of road leading to the property is main road. There is road frontage of 52 meters. The investment is € 2,618 per covered square meter. It appears that there is 19% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 181 sqrm of extra build opportunity for you. Please ask for more information on this. The property has no VAT tax. The Energy Efficiency Class of the building is B. This Building has title deed ready.
The building is currently rented with an annual return on investment of 5% (ROI).

It has also an unused build coefficient and can add another floor, making a possible increase in ROI to around 6%.

An excellent investment

.

Office 203, 8 Acropoleos Ave, Strovolos, 2006 Nicosia, Cyprus
Registered and Licensed Real Estate Office RN1022 LN505/E
Tel: +357 2245 2040 / www.c21broker.net
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