by Merve Çalışkan
Explore an exceptional investment opportunity in the vibrant center of Nicosia. These two properties are situated in a highly sought-after area, offering incredible potential for real estate investors. Senilk Real Estate is proud to present two apartment complexes, each providing a mix of residential units and commercial spaces, including various shops and restaurants like Steak House, Kibet, etc. Both properties are fully rented, ensuring immediate rental income for the new owner. Additionally, the owner has permission to build up to 12 floors, offering scope for future growth, enhanced property value, and development possibilities in one of Northern Cyprus’s most dynamic districts.
Property 1: Apartment Block on Yenisehir Avenue
Address: Yenisehir Avenue, Nicosia
Total Price: Available on request
Property Overview:
- Basement: 250 m², suitable for storage or additional business use.
- Shops: 2 shops, each 300 m², fully rented and occupied by popular businesses, including a Steak House and Kibet, ensuring steady rental income.
- Residential Units: 4 two-bedroom apartments (2+1), all currently rented.
- Penthouse: A spacious 3-bedroom penthouse (3+1) with tenant occupancy, enhancing revenue.
Key Features:
- Prime Location: Positioned on Yenisehir Avenue, this property is in close proximity to Nicosia’s key business and government centers, drawing both commercial and residential tenants.
- Fully Rented: All units are rented, providing immediate income with well-established tenants.
- Building Permission: Permission to construct up to 12 floors, offering flexibility for future development to increase profitability.
Property 2: Apartment Complex in Central Nicosia
Address: Central Nicosia, Northern Cyprus
Total Price: Available on request
Property Overview:
- Residential Units: 16 modern two-bedroom apartments (2+1), designed to maximize comfort and light, attracting long-term tenants.
- Retail Space: 4 large shops, each 300 m², providing ample space for retail businesses and attracting substantial foot traffic.
- Permissible Building Height: Up to 12 floors, offering scope for future growth and enhanced property value.
Key Features:
- Prime Central Location: Nestled in the heart of Nicosia, the complex offers unbeatable convenience near shopping centers, schools, medical facilities, and entertainment venues.
- Spacious Apartments: These well-designed units are perfect for tenants seeking contemporary urban living, with abundant natural light and functional spaces.
- Commercial Viability: The expansive retail units in a high-footfall area make this complex a prime choice for businesses, guaranteeing consistent demand.
- Development Flexibility: With permission for up to 12 floors, the complex offers exciting possibilities for future expansion and increased revenue.
Why Invest in Nicosia?
Nicosia’s thriving business and residential sectors continue to attract investors due to the city’s high demand and limited space. These properties not only provide immediate rental income but also boast substantial development potential, catering to short-term gains and long-term growth alike. With permissions for future construction and locations in high-demand areas, both properties present a lucrative investment path for those looking to capitalize on Nicosia’s growth.
For more information or to arrange a viewing, please contact us at +905338502662. Act quickly to secure these unique opportunities in the heart of Nicosia!
