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Apartment Building for sale in Latsia, Nicosia

Latsia, Nicosia, Cyprus
Apartment Building for sale in Latsia, Nicosia 920 Latsia
850000 €850,000  ($910,880)
Apartment Building
Latsia, Nicosia

€850,000  ($910,880)

Fox Smart Estate Agency Nicosia

Fox Smart Estate Agency Nicosia

Registered & Licensed Estate Agency - R.N. 488, L.N. 344/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $31,881

Average Bank Rate (€850,000)
1 USD = 0.9016 EUR
$942,760

Mid-market rate (€850,000)
1 USD = 0.9332 EUR
$910,880

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1324627 (33621)

Description

Location:
• Situated in the tranquil Agios Georgios area, offering residents a peaceful residential environment.
• Excellent accessibility to the highway and proximity to essential services and amenities enhance convenience.
External Features:
• Constructed in 1998, this two-storey building comprises ground floor parking and twelve well-appointed apartments.
Building Characteristics:
• The 1st and 2nd floors each host six apartments, featuring a mix of one and two-bedroom layouts.
• Internal areas range from 42sqm to 61sqm, complemented by covered verandas, ensuring comfortable living spaces.
• Each apartment includes exclusive access to a covered parking space on the ground floor.
• Currently, seven out of twelve units are leased, generating a monthly income of €2,350, with five units vacant (No. 101, 103, 105, 201, 205).
• Total internal area of approximately 646sqm offers ample accommodation for residents.
Advantages - Special Features:
• Ideal for investment, this residential building is located in a sought-after area, facilitating easy commuting to Nicosia City Center and other cities via the nearby highway.
• Offers promising investment potential with projected yields exceeding 6%, making it an attractive opportunity for savvy investors.

Buying expenses

Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.

Stamp Duties
If buying as an individual
€1,608 ($1,723)
If buying on joint names
€1,608 ($1,723)
Transfer fees
If buying as an individual
€30,600 ($32,792)
If buying on joint names
€27,200 ($29,148)

Disclaimer - Property reference 1324627. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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