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Description: studios, 1 & 2 bedroom 1st, 2nd & 3rd
floor flats on a luxurious building of 17 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. 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: 15 months.
Covered area: 55, 70, 118 sqm. Plot area: 1120 sqm.
Bedrooms: studio, 1, 2. Bathrooms: 1, 2. No. of floors
(of the building): 3. Covered parking space: 1.
Storage room: 1
Investment
plan : You purchase this flat for £49K. You put
£14K and the remaining £35K is mortgaged for 25 years.
Your monthly instalment will be around £240. The
rental income will be around £325. This means
an annual rental return
of 8% and
an annual
income of
£1020! In addition to this, you will also have the
annual appreciation
which is estimated to be more than
20%.
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