Mixed-Use building for sale in Kaimakli, 298

Details

PRIME INVESTMENT OPPORTUNITY IN NICOSIA – 5 SEPARATE TITLE DEEDS

Mixed-use building in the Kaimakli Quarter of Nicosia Municipality, situated in a convenient and easily accessible location, in close proximity to Frederick University and all essential amenities and services.
The ground and first floor of this 3-storey building was constructed in 1979, and the second floor in 1982. It has been well maintained and was renovated in 2006. It comprises two commercial shops and three residential apartments. Each unit has a separate title deed.
The building consists of the following:
Ground Floor

• • Shop 1: Commercial unit with an internal area of 40 sq.m. and a covered area of 1 sq.m.
  • Shop 2: Commercial unit with an internal area of 32 sq.m. and a covered area of 2 sq.m.
  • Apartment: Residential unit with an internal area of 84 sq.m., covered verandas of 8 sq.m., and an uncovered veranda of 1 sq.m. The apartment has been upgraded during the renovation in 2006.

First Floor

• • Whole-floor apartment: Spacious residential unit with an internal area of 147 sq.m. and covered verandas of 20 sq.m.

Second Floor

• • Whole-floor apartment: Spacious residential unit with an internal area of 136 sq.m. and covered verandas of 31 sq.m. The apartment was refurnished in 2016.

Key Features

• Year of construction: 1979 and 1982
• Well maintained and in good overall condition
• Plot: 435 sq.m.
• Commercial Zone Eβ4
• Two commercial shops
• Three residential apartments
• Separate title deed for each unit
• Total internal area: 439 sq.m.
• Close proximity to Frederick University
• Convenient and easily accessible location
• Easy access to essential amenities and services
• Suitable for investment and rental-income purposes
• The property falls within the designated zones for Government Housing Schemes for the Revitalization of Critical/Borderline Areas, offering significant financial grants and incentives for buyers