Building with five flats and a workshop in Latsia of Nicosia. It is located in a quiet residential neighborhood with good access to the motorway and close to services and other amenities.
The building is constructed around the year 1990 and consists of a workshop on the basement and five flats on the floors above. It has also covered parking space/ storage on the basement and uncovered parking space on the ground floor.
The workshop operates as a car painting, situated on the basement of the building and has total area of 70sqm. It is noted that the workshop is rented for € 300/month.
On the ground & 1st floor there are four duplex flats (1 & 2 bedrooms). The internal area of the flats is varying from 76sqm to 106sqm plus an uncovered veranda.
On the 2nd floor there is a three bedroom apartment with total area of 169sqm plus 6sqm covered veranda and 14sqm uncovered veranda.
Each flat has exclusive right of use of one uncovered parking space on the ground floor.
It is noted that four (4) out of five (5) flats are rented with a total income of €1740/month while flat (No 2) is vacant.
Total internal area of the building is approximate 623sqm.
The building is considered as an appealing investment opportunity.