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Altamira: New great opportunities in residential and commercial real estate

Altamira: New great opportunities in residential and commercial real estate

15.07.2022

Altamira Real Estate is preparing another week of great opportunities in all types of properties at amazing prices.

The company presents on its website a variety of properties in the best areas of the island, for which interested buyers can submit offers at prices below the indicated indicative prices.

Houses and apartments in popular areas

In the most sought after area of Nicosia, in the municipality of Aglancia, close to the University of Cyprus, we found a two bedroom apartment with an estimated price of €140,000. The apartment has an internal area of 78 sq.m. and covered verandas 15 sq.m. and is in a very good level of construction and maintenance.

It consists of one living room/living room and kitchen, bathroom and toilet, and also has two bedrooms, a guest toilet and a covered veranda. It also has covered parking and a warehouse on the ground floor. It is free and suitable for own use or rental with a good yield.

Impressive mansions, ideal for summer holidays and beyond, we have found in Kouklia and Avgora, and in Poly Chrysochous and Tersefanou we have identified apartments suitable for own use or for renting out.

In the Paphos area and in particular in Kouklia, we have identified a unique opportunity with a two-storey villa with three bedrooms, a swimming pool and a large yard at a price of €320,000. The interior area is 154 sq.m., covered verandas – 30 sq.m. and open verandas of 9 sq.m.

Also in Polis Chrysochous, in an attractive location with good access to the municipality center, neighboring communities and the beach, we have identified a vacant two-bedroom apartment for sale for 120,000 euros, which is part of the “Evagoras Gardens” development.

In the community of Avgorou in the province of Amstos, we found a wonderful four-bedroom villa with a large yard and swimming pool, ideal for a large family. The interior area is 315 sq.m. and covered verandas of 10 sq.m., at a price of €295,000.

In an attractive location in Tersefanou, in close proximity to the community center and Larnaca International Airport, there are two vacant two-bedroom apartments available at a price of 80,000 euros and 90,000 euros respectively. They have a separate title deed and are suitable for owning or renting with good returns.

Residential plots and fields in Nicosia, Limassol and Paphos

Unique opportunities with residential plots and residential fields are located in the municipality of Latsia. In a quiet area, just 590 meters southeast of Lazia Secondary School, a residential plot of 522 sq. m with a development ratio of 80%, which allows the construction of a two-storey building at a price of € 135,000. In the parish of Agios Georgios in the municipality of Latsia and just 250 meters northwest of the sports club, in a developing area with luxurious residences, there is a large residential area with a total area 2500 sq.m., available at an attractive price of 345,000 euros.

In the parish of Agia Paraskevi in the municipality of Lakatamia, a residential plot of 2500 square meters is located 650 meters southeast of the LIDL supermarket. next to a registered road, with a total area of 67 meters. It sells for 290,000 euros and is considered an ideal investment for land management entrepreneurs, as it can be used as a stand-alone property or to subdivide plots.

In the attractive area of the parish of Agios Georgios in Limassol and close to Frederick University, we have found a residential plot of 264 sq.m. and a very high building factor (100%), which makes it possible to sell a three-storey residential building at a price of 115,000 euros.

In a prime location in the municipality of Peyia, there are three residential plots of 669 sq.m., 591 sq.m. and 1454 sq.m., respectively. Three plots are being sold at prices ranging from 160,000 to 240,000 euros. Just a few minutes from the historic center of the municipality and the popular tourist area of Coral Bay, they are surrounded by green spaces, just 1 km from the charming sea caves and 2 km from the picturesque Avaka Gorge.

Residential and commercial property ideal for investment

In the Panagia parish of the municipality of Nicosia, 90 meters southwest of Frederick University and 180 meters northwest of Agios Andreou Avenue, a building with ten apartments is for sale at a price of 340,0000 euros. The total indoor area of the apartments is 612 sq.m ( approx.), and the covered verandas are 80 sq.m (approx.).

A total of twelve plus one mezzanine stores are available for sale at prices ranging from 190,000 to 600,000 euros in the Neapoli area of the Limassol municipality. Shops are located in close proximity to the District Court and the City Garden. This is a great area with consistently high demand for commercial property due to its affordability and central location. In general, the shops are in good condition and have separate title deeds. Some of the stores are vacant and suitable for own use or renting out with good returns, and two of them have already been rented out for €1150/ mo and €1300/mo with a yield of 7.2% and 6.1% respectively.

In Kiti, an area with intense residential development, there is a one-story building with a mezzanine that functions as a gym. The building for sale, priced at €220,000, is located close to all necessary services and facilities such as school, bank and others. The area of the first floor is 265 sq.m. (approx.), mezzanine 105 sq.m. (approx.) and a land plot of 580 sq.m. (about). The building is currently rented out for 1,000 euros per month and offers its potential owner an income of 5.5%.

In the tourist area of Kato Paphos, there is a 70 sq.m shop with a 38 sq.m mezzanine, which is available at a price of 90,000 euros. It consists of one warehouse, utility rooms and a courtyard on the ground floor, an office and a toilet on the mezzanine. The property has a separate title deed and is free.

Source and photo: inbusinessnews.reporter.com.cy, Editor estateofcyprus.com

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