Exclusive Investment

Nicosia
Engomi & Ma/ssa

€ 3,500,000

1,464 m2 Area
2,441 m2 Land
5 Storeys

Property Ref: #8293

Property Description

This property has a gross rental income of EUR 175K p.a., yielding 5% on the EUR 3.5M (inclusive of VAT) asking price. Nestled adjacent to the vibrant university campus lies an exceptional building ripe for investment. Boasting a blend of student housing and academic facilities, this property offers a unique opportunity for savvy investors. Each of the 20 one-bedroom apartments within the university halls is meticulously designed to meet the needs of modern students, ensuring high occupancy rates and robust rental income. With its strategic location and strong demand for student accommodation, this investment promises an attractive return on investment. The close proximity to the university not only enhances the property's value but also ensures long-term stability and growth potential.

Property Features

Type

Residential Building

Status

New

Area

1,464 m2

Land

2,441 m2

Storeys

5

E.C

B

W.C

1

Parking

1

Even More Info

Air Condition

Electric Appliances

Fitted Kitchen

Modern Architecture

Parking Covered

Pressurised Water System

Solar Water Heaters

Plans

Location

Engomi, Engomi & Ma/ssa, Nicosia

* Please note that the location shown on the map is approximate. Please contact us for more details and to arrange a viewing.

CURRENT ASKING PRICES PRICES IN ENGOMI

AVERAGE PRICES TODAY

Flat Price
€ 382,236
House Price
€ 2,158,846
Residential Plot Price
€ 574,000

% PROPERTY TYPES

18 % Houses
7% Plots
75% Flats

% BEDROOMS

11% 1 Bed Flat
31% 2 Bed Flat
40% 3 Bed Flat
11% 4 Bed House
6% 5 Bed House

AVERAGE PRICES BY NUMBER OF BEDROOMS

1 Bed Flat
€ 173,285
2 Bed Flat
€ 301,421
3 Bed Flat
€ 477,280
4 Bed House
€ 1,163,571
5 Bed House
€ 1,255,000

PRICE RANGE

Flats:
€ 160,000 - € 850,000
Houses:
€ 380,000 - € 12,000,000
Residential Plots:
€ 390,000 - € 850,000

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