1 Bedroom Penthouse for Sale in Nicosia, Egkomi
€175.000
Nicosia, Egkomi, Egkomi, Nicosia
52 sqm Internal Area | 47 sqm Covered & Uncovered Verandas An outstanding opportunity to acquire a modern, income-producing investment property in one of Nicosia’s most established and consistently performing residential rental markets. Located in the highly sought-after area of Egkomi, this elegant top-floor apartment combines contemporary design, premium specifications, excellent energy efficiency, and an exceptional outdoor living space rarely found in one-bedroom apartments. Positioned within a boutique development of only nine apartments, the property enjoys excellent privacy, abundant natural light, pleasant open views, and strong long-term investment fundamentals. ________________________________________ Income-Producing Investment Opportunity • Currently rented to a reliable European tenant • Current rental income: €800 per month plus common expenses • Immediate return from day one of ownership • Prime location supporting strong and consistent tenant demand • Attractive investment in one of Nicosia’s most active rental markets • Excellent long-term capital appreciation potential due to the area's continued popularity and limited supply of quality apartments ________________________________________ Prime Egkomi Location Situated in one of Nicosia’s most desirable residential and investment areas: • Walking distance to Alfamega Egkomi supermarket • Minutes from the University of Nicosia (UNIC) • Close to the European University Cyprus • Easy access to Nicosia city centre and major road networks • Surrounded by cafés, restaurants, bakeries, supermarkets, pharmacies, gyms and everyday amenities • Highly sought-after location among local and international tenants The combination of excellent amenities, university proximity and central positioning contributes to year-round rental demand and strong occupancy levels. ________________________________________ Building Features • Contemporary architectural design with striking modern aesthetics • Boutique development comprising only 9 apartments across 3 floors • Secure controlled entrance with videophone system • Elevator access to all floors • Elegant communal areas • Private covered parking space • Dedicated storage room • High-quality construction standards • Energy-efficient building design ________________________________________ Apartment Features • Top-floor position offering enhanced privacy and exclusivity • Bright open-plan living and dining area • Modern fully fitted kitchen with premium cabinetry, quality appliances and elegant finishes • Spacious bedroom with large built-in wardrobes • Stylish contemporary shower room • Large sliding doors maximizing natural light throughout the apartment • Excellent indoor-outdoor flow • Attractive corner positioning creating a bright and airy atmosphere ________________________________________ Exceptional Outdoor Living Space The defining feature of the property is its impressive 47 sqm covered and uncovered veranda. Designed as a natural extension of the living area, this exceptional outdoor space significantly enhances the apartment’s appeal and rental attractiveness. The generous veranda provides ample room for outdoor dining, entertaining, relaxation, or the creation of a stylish outdoor lounge area. The elevated top-floor position offers pleasant open views across the surrounding area while maintaining a strong sense of privacy. Large outdoor living spaces of this quality are rarely available in one-bedroom apartments within the Egkomi market, making this property particularly distinctive. ________________________________________ Quality Specifications • Energy Efficiency Class A • Air-conditioning units throughout • Solar water heating system • Water pressure system • Double-glazed thermal aluminium windows • Electric shutters • LED lighting and recessed spotlights • Premium ceramic flooring throughout • High-quality sanitary ware and fittings • Modern kitchen with premium worktops and finishes • Videophone entry system ________________________________________ Investment Highlights Immediate rental income Reliable existing tenant Walking distance to two major universities Prime Egkomi location with proven rental demand Modern low-maintenance building Energy-efficient construction reducing operating costs Large premium veranda enhancing tenant appeal and future resale value Strong long-term investment potential A rare opportunity to acquire a luxury penthouse-style investment apartment with immediate rental income, an exceptional 47 sqm veranda, and a prime location in one of Nicosia’s most established residential and university districts.