Unit | Beds | Internal | Cov. Verandas | Floor | Rent |
Flat (101) | 2 | 84 m² | 16 m² | 1st Floor | Vacant |
Flat (102) | 3 | 99 m² | 21 m² | 1st Floor | € 680 |
Flat (201) | 2 | 84 m² | 16 m² | 2nd Floor | Vacant |
Flat (202) | 3 | 99 m² | 21 m² | 2nd Floor | Vacant |
Flat (301) | 2 | 84 m² | 11 m² | 3rd Floor | € 450 |
Flat (302) | 3 | 99 m² | 21 m² | 3rd Floor | Vacant |
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Auction
Residential Building in Aglantzia, Nicosia
-
Auction
- Lot 3
- Cyprus
- Commercial Building
- Residential
Sold for €913.000
Property Summary
- Three storey Residential Building in Aglantzia, Nicosia.
- Comprises 3 x 2-bed and 3 x 3-bed Apartments.
- Total enclosed area of approx. 549 sq.m. and approx. 106 sq.m. uncovered verandas.
- The building is currently partly occupied. Potential for 6% yield (See breakdown in the table below).
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Property description
- Three storey residential building in Aglantzia.
- Comprises a total of 6 apartment units (Areas breakdown in the table below).
- Covered parkings and storages on the ground floor.
- The building has recently undergone through an external facelift.
- We are informed that the property extends to a total of approx. 549 sq. m. of internal areas and covered verandas of 106 sq.m.
Location
- The property is located in Aglantzia municipality, Nicosia District, under Land Reg. No. 2/1369.
- The property is situated on Archiepiskopou Makariou III Street close to the University of Cyprus and Frederick University of Nicosia and is ideally positioned close to main roads i.e. approx 60 m. south of Aglantzias street, . 350 m. east of Akadimias street, . 550 m. west of Larnakos avenue and 1 km. east of Limassol avenue.
- The immediate area is predominantly residential consisting of houses and apartment buildings as well as commercial development with services along the main roads..
Tenancy
- Two apartments are currently tenanted producing a total income of €13.860 per annum, and four are vacant. (Analysis in the table below). Potential of 6% ROI upon full occupancy of the remaining units.
Zoning
- The property falls within the Κα4 Residential Zone, which allows 120% building coefficient, 50% building coverage, 3 floors and 13.5 meters height.
Accommodation
The property was not inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the property provides:
- Residential building consisting of six apartments.
- It is recommended that interested parties undertake their own inquiries to confirm property/building measurements.
VAT
VAT not applicable - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT.
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*Terms & Conditions
Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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