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An income-generating, three-bedroom semi-detached house located in the quiet residential area of Kaimakli, Nicosia.
Property Highlights:
• Plot Area: 298sq.m.
• Internal Area: 89sq.m.
• Covered Veranda: 41sq.m.
• Ancillary Building: 57sq.m.
• Parking: Covered parking for one car
• Status: Rented
Rental Income Details:
• Monthly Income: €600
• Annual Return: 5.1% ROI (with 5% increase every 2 years)
Internal Layout:
Comprises an open-plan living and dining area, a kitchen with a dining area, three bedrooms, and a toilet with a bathroom.
Exterior:
The property benefits from a landscaped yard, a covered veranda with a wooden pergola, a small private yard, and an auxiliary storage room.
Location:
• Approximately 400m northwest of the Church of Agios Polyvios
• Approximately 500m north of the 3rd Primary School of Kaimakli
• Approximately 50m south of the Kaimakli Railway Station Linear Park
*** Occupancy status: Long-term rental
There is a separate title deed for this property.
Building Specifications:
Max coverage ratio: 50%
Max density ratio: 120%
Max height in meters: 13.50
Max number of floors: 3
Planning zone: Kα4
Types: Residential
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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