Enclosed area: 997 m²
Mezzanine: 66 m²
Veranda : 144 m²
Covered Land: 698 m²

A/C
Lift

Title deed: The property has a separate title deed
Not subject to VAT.

Mixed use building in a central location in Kaimakli Quarter in Nicosia Municipality. It is located on “Bata” roundabout, at a distance of 430 meters (approx.) south of Agiou Polydorou Church.

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.

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