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New residential building in Nicosia / Aglantzia №52895

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SOLD
3
Most lucrative investment in Cyprus!

Additional:

Elevator
Pantry
Parking
Gym
Air conditioner
Reception
Heating

Description:

The project of a student campus in Nicosia in the immediate vicinity of the University is for sale. Reasons for investing: -Walking distance from the university. In Cyprus, girls become students under the age of 18 before they can get a driver's license, so it is always preferable that the university is within walking distance. -Free tuition, so the only expense for parents is the rent for student housing. -The university is growing rapidly, and its faculties are constantly increasing. Today it has about 10,000 students, and in a few years their number may increase to 12,000. The completion of the project is planned within 24-36 months from the start date of construction. Currently, the project has planning permission, the construction permit is awaiting approval in the near future. Project figures: 22,223m² - total building area, 17,316m² - building land area, 800m² - area for shops, 16,516m² - area for apartments. Property available for purchase - 7 residential buildings and 1 commercial building: 269 one bedroom apartments with a total area of ​​45 m² to 50 m² with a veranda and access to a parking lot, 55 studio apartments with a total area of ​​35 m² with a veranda and access to a parking lot. Facilities: Fitness -center, Bakery and supermarket, Cafeteria, Laundry spot, Reception, Student residence management office, Pharmacy. Public areas: Amphitheater with a capacity of 250 people, Football lessons (Futsal), Landscaped green areas, Bridges, Closed roads, pedestrian areas.

Object

№52895

Type:

Commercial

City:

District:

Complex:

Developer:
Total area:

22,223 m²

Land area:

17,316 m²

Floors:

4

Construction year:

07/2025

€40,000,000+ VAT

€1,800 / m²

DOM Real Estate

DOM Real Estate

+357 22 030 128