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An ideal opportunity for an investor, this is a centrally located apartment block for sale in Nicosia, North Cyprus consisting of six apartments in total with an expected annum rental income of more than 8% and 15% capital appreciation.
Property Type: 
Bedrooms: 
Bathrooms: 
Location: 
Land size sqm: 
Property Type: 
Bedrooms: 15
Bathrooms: 15
Location: 
Living space sqm: 780- Unique opportunity to own whole apartment block in Nicosia
- 8% rental income guaranteed per annum
- 15% capital appreciation expected for 5 year ROI of 140%
- Each apartment has its own freehold title
- Centrally located close to amenities and shops
FACILITIES & LOCATION
This is an ideal opportunity for an investor who is looking for a passive and assured income with very strong exit strategy – please contact us today for more information on purchasing real estate in North Cyprus.
About the apartment block
This modern apartment block consists of a grand total of six apartments, ranging from two – three bedrooms in size, with 15 bedrooms and 15 bathrooms in total. Sold as a complete package, this is an ideal opportunity for someone looking to purchase an entire block in a bustling part of North Cyprus.
All apartments are equipped with private balconies and have a contemporary open plan design with spacious home interiors. There is 780m2 living area in total, with a plot measuring 1,000m2. The apartments have very high quality finish with top of the range materials used throughout – white goods and basic furniture are included within the sale.
Underneath the project block there is private parking available for all residents, while security controlled access is also provided.
Types of properties available
- Two bedroom apartments – these homes measuring 125m2 and consist of two spacious bedrooms and two bathrooms, along with a communal living area and fully equipped kitchen and dining space.
- Three bedroom apartments – there are three of these units, with each property measuring 135m2. These properties consist of three bedrooms, three bathrooms, and open plan living room and kitchen / dining area.
Investment potential
Our real estate analysts suggest that a property of this quality and location in North Cyprus would enjoy high capital appreciation of around 15% per annum. Couple this with the rental guarantee of 8% per annum for three years – this means that after a five-year period, your ROI would be in the region of 140%, making this an incredible investment opportunity and one that cannot be missed. The rental contract is guaranteed for three years, after which it is renewable.
The apartment block was recently completed to moderns standards and is ready to move in – with all white goods and basic furniture; there is an abundance of potential for the new owner take advantage of here.
Each apartment has its own freehold title, meaning that you can either sell the apartment block as a whole, or sell units one by one in the future – the choice is yours.
Location in Nicosia
The apartment block is located in a very central part of Nicosia, North Cyprus, within walking distance there are two major hospitals and two universities, including a university hospital – making it ideal for year round living.
The area is also a banking district with lots of financial institutions and a bustling workforce making it a superb area to invest due to the rental potential here.
Offering a beautiful year round climate for living, property in North Cyprus is your ideal opportunity and ones as good as this are hard to come by often; our advisors are ready to talk to you more about this apartment building in Nicosia.
