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Description: 1 & 2 bedroom flats on the 1st / 2nd
/ 3rd floor of a luxurious building of 10 flats. Very
nice, quiet, prime residential area, away from the
traffic but very accessible to facilities and
amenities and to the centre of Nicosia (Hilton Hotel
area). Modern architectural design, unlimited view of
the area, spacious living areas, dining area, kitchen,
bathroom, large verandas, luxurious finishes, high
quality of construction (construction company has ISO
9001).
Suitable for investment purposes as well as private
use.
Features: High quality floorings in the living
areas, laminate floor in the bedrooms, wooden Italian
made kitchen, double glazing, provision for A/C and
S/H, electrical heater, door entry phone supported
with visual tv system. Choice of finishes on the
customer. Delivery Date: 15 months. Covered area: 71 /
115 sqm. Plot area: 561 sqm. Bedrooms: 1, 2.
Bathrooms: 1. No. of floors (of the building): 4.
Covered parking space: 1. Storage rooms: 1
Investment
plan : You purchase this flat for £58K. You put
£18K and the remaining £40K is mortgaged for 25 years.
Your monthly instalment will be around £280. The
rental income will be around £350. This means
an annual rental return
of 7.3% 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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