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Available for sale: A 108 sq.m. ground-floor apartment in Nicosia, strategically positioned for savvy investors looking to capitalize on the local academic community. Located just 50 meters from Philips College and 100 meters from Terra Santa College, this property offers unmatched potential for steady rental income.
The layout consists of 3 bedrooms, 2 bathrooms, a separate kitchen, and a living area. While the property requires renovation, it serves as a blank canvas for a high-end refurbishment project. Key amenities include central oil heating, air conditioning, and a private covered parking space. Given its proximity to schools and universities, this is a top-tier investment opportunity in a location where demand consistently exceeds supply.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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