Features and description
Property type: | Offices |
---|
Date added: | 21st Nov 2024 |
---|
Listing reference: | SP-7599 |
---|
COMMERCIAL PROPERTIES FOR SALE
The property for sale is part of a commercial building (shop & office) in Agios Fanourios quarter of Aradippou municipality. The
property abuts Eleftherias Avenue service road and it is situated close to a plethora of amenities and services such as
supermarkets, schools, restaurants, cafes, bakeries etc. In addition, it has excellent access to the city centre and the motorway.
The building consists of a ground-floor shop with a mezzanine plus two extra offices on the mezzanine level. The 1st floor
consists of whole floor office space and the 2nd floor consists of 4 flats and 1 office. The share for sale (539/852) corresponds
to a large shop on the ground floor, a mezzanine, and one office on the first floor (whole floor). It is noted that the property
has acquired a distribution agreement and corresponds to the sections (K1 & Γ2) as specified in red colour on the attached
drawing. The ground floor area/shop is 490sqm (approx.) plus 240sqm the mezzanine. It is noted that the shop is rented for
€3,350/month. The 1st floor of the building (office No 101) has a total area of 575 sqm (approx.) plus a covered veranda of 70sqm
(approx.). It is noted that the office is rented for €3,000/month by a government organization. The property is rented for
€6,350/month with a yield of 5.6%. It is considered as a good investment opportunity.
The price shown above is the asking price (VAT not included). The property is simply advertised on Spitakimu.com, contact the real estate company for further details.