This is a rare opportunity to acquire an entire residential building in the Aglantzia area of Nicosia, currently generating a proven annual rental income of €92,000 and offered at a selling price of €1,850,000. The building is held under an SPV structure, with no VAT applicable and no transfer fees payable, making for a highly efficient acquisition.

The property comprises eight two-bedroom apartments arranged across three floors, fully renovated in 2022 to a high standard. The renovation encompassed all carpentry, plumbing, tiling, granite surfaces, and sanitary ware, with each apartment fully furnished and equipped with electrical appliances — ready for continued letting with no further capital outlay required. The building sits on a 558m² plot and includes parking and storage.

The investment is suited to buyers seeking immediate yield, portfolio expansion, or long-term capital appreciation in Cyprus's capital. The building has already proven its rental demand, with property management in place.

Situated in the established residential neighbourhood of Aglantzia in Nicosia, the area offers convenient access to amenities, schools, and the city centre.

Offered at €1,850,000. No VAT. No transfer fees. For more information, or to book a viewing, please contact Elit Blue.