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Resale
For Sale #1042
Prime investment - student building close to european university
Nicosia, Chryseleousa
€3,500,000
Residential Building
Description
Prime Investment Opportunity – Income Generating Student Building An exceptional opportunity to acquire a fully tenanted, income-generating property just steps away from the European University Cyprus. Property Highlights: - Annual Income: c.€200,000 - Yearly contracts – €630/month for 1-bedroom apartments & €420/month for studios - Fully let to EUC students – extremely high demand, units fill within days - Unit Mix: 20 x 1-bedroom apartments & 8 x studio apartments - Covered parking available - Facilities nearby: gym, café, restaurants nearby - Location: Walking distance to European University -Management: Fully managed on a turnkey basis by property management company – hassle-free ownership -Immediate return from day one Strong capital growth potential – demand indicates there is still room for appreciation 💰 Asking Price: €3,500,000 With unmatched demand from EUC students, long-term contracts at solid rental rates, modern facilities, and professional management in place, this property guarantees consistent rental income and long-term appreciation. Rarely does an asset of this calibre come to market.
Features
Details
Strovolos
Residential Building
Completed
23
3
2003
2022
Areas
1,053
Energy
Autonomous Cooling System
Property Location
Property Enquiry