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Description: 1 & 2 bedroom flats on the 1st, 2nd &
3rd floor on a luxurious building of 8 flats. Very
nice, quiet, prime residential area, suitable for both
investment and private use, away from the traffic but
very accessible to facilities and amenities and to the
centre of Nicosia (Makedonitissa area, Engomi). Modern
architectural design, spacious living areas, dining
area, kitchen, bathroom, large verandas, luxurious
finishes, high quality of construction (construction
company has ISO 9001).
Features: High quality floorings, wooden
Italian made kitchen, double glazing, provision for
A/C and storage heaters, electrical heater. Choice of
finishes on the customer. Delivery Date: 10 months.
Covered area: 68, 112 sqm . Plot area: 560 sqm.
Bedrooms: 1, 2. Bathrooms: 1. No. of floors (of the
building): 3. Covered parking space: 1. Storage room:
1
Investment
plan : You purchase this flat for £55K.
You put £15K and the remaining £40K
is mortgaged for 25 years. Your monthly instalment will be
around £280. The rental income
is £350. This means
an annual rental return
of 7.7%
and an annual
income of £840!
In addition to this, you will also have the
annual appreciation
which is estimated to be more than
20%.
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