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Annen kjøp i Nikosia, Lefkosia
Reference ID: #SA35315 Price details: €2,700,000 Building complex in a very good location in Egkomi Municipality in Nicosia District. The property is ideally situated close to a plethora of amenities and services such as cafes, restaurants, shops supermarket etc. The ground floor consists of a reception, offices, storage space and w/c. The 1st, 2nd and 3rd floor consist of office spaces. The entire building is serviced by air conditioning system, fire protection system, ventilation system, alarm system, lift and emergency exits PROPERTY CHARACTERISTICS Ground Floor: 675m2 First floor: 675m2 Second floor: 675m2 Third floor: 450m2 Plot size: 1,459m2 Year of construction: 1976 Year of renovation: 2008 There is a proposed plan for licensing for this plot for 100 dorm rooms. Rental income is €500 per room per month amounting to €50K per month - €600K per annum. ROI 11,5% Asking price for the existing building is €2.7M Expecting building costs of the dorms is €2.5M It is considered as an ideal investment opportunity.
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