Mixed Used Building in Kaimakli Nicosia
The property is situated close to a plethora of amenities and services such as shops, schools, supermarkets, restaurants etc. In addition, it enjoys excellent access to the Nicosia center.
The building comprises of basement, ground floor, mezzanine and 5 upper floors. It consists of parking spaces in the basement, a shop with mezzanine on the ground floor, apartment on the mezzanine and 12 apartments on the upper floors. Specifically, the building consists of four (4) one-bedroom apartments, eight (8) two-bedroom apartments and a three-bedroom apartment. The building is in a satisfactory state of condition.
The area of the shop on the ground floor is 145 sqm (approx.), the mezzanine 108 sqm (approx.) and the apartments is 810 sqm (approx.).
The shop is vacant, while three (3) out of thirteen (13) apartments and the roof are rented for €1580/month. The property has the potential to offer a yield of 6.5%.
It is considered as an ideal choice for a land developer or an individual.
District: Nicosia
Municipality: Nicosia Municipality
Quarter: Kaimakli
Characteristics
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- Enclosed area: 997 m2
- Mezzanine: 66 m2
- Veranda : 144 m2 Covered
- Land: 698 m2
- Title deed: The property has a separate title deed
The property is partially rented
Services and facilities
- Air condition
- Lift
Two shops and an apartment for sale in the parish of Agios Andreas, Nicosia Municipality.
The properties are located in a five-storey apartment building, which was built around 1960. The building is served by a staircase.
The shop with registration number 5/1296: is located in the southern part of the ground floor
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