Larnaca, Aradipou, Cyprus
- PROPERTY TYPE
Mixed Use
- BATHROOMS
4
- SIZE
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Key features
- Easy access to main roads
- Easy access to highway
- Spacious rooms
- Municipal water/sewage
- Next to green area
- Internal stairs
- Ceramic tiles
- Closed offices
- Kitchenette
- Main road
Description
The building was constructed around the year 2009 and consist of covered parking spaces on the basement, four shops on the ground floor and eleven flats on the upper floors. The share for sale corresponds 3 shops on the ground floor and 4 flats on the 1st floor.
Two of the Shops have been unified and they operate as a single unit. They are situated on the ground floor and internally consists of an entrance hall, separate rooms, while the mezzanine consists of two toilets, kitchenette and covered veranda. The unified shop has a total area of approximate 220qm plus a mezzanine of approximate 110sqm. It is noted that the shop as a single unit is rented for €1,650/month.
Third shop is situated on the ground floor and operates as a bakery. Internally consists of an open plan retail area, while the mezzanine consists of an office, toilet and refrigerator. The shop has a total area of approximate 224qm plus a mezzanine of approximate 81sqm. It is noted that the shop is rented for €1,838/month.
Two of the Flats on the 1st floor is similar to each other and consists of siting, dining room, kitchen, bathroom, three bedrooms and a covered veranda. Internal area of each flat is 96sqm (approx.) plus 10sqm covered veranda (approx.). It is noted that the one flat is rented for €500/month and it is used as an office and second flat is rented for €480/month.
Other two flats on the 1st floor are similar to each other and consists of siting, dining room, kitchen, bathroom, two bedrooms and a covered veranda. Internal area of each flat is 75sqm (approx.) plus 11sqm covered veranda (approx.). It is noted that one flat is rented for €420/month and it is used as an office and second flat is rented for €450/month.
Total shops area for sale is approximate 444sqm and total flat area is approximate 342sqm.
It is noted that the property has acquired a distribution agreement.
The building is considered as an ideal choice for investment as the total income of the property is €5.338/month with a yield of 5.4%.
Larnaca, Aradipou, Cyprus
NEAREST AIRPORTS
Distances are straight line measurements- Larnaka(International)5.5 miles
- Ercan(Local)14.7 miles
- Pafos(International)65.2 miles
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About the agent
K. Kalogirou Real Estate Ltd, Larnaca
ERMOU 196 SHOP 5 LARNACA CYPRUS 6022
Our Company
Kalogirou Real Estate is a family business, specialised in commercial real estate services. At Kalogirou Real Estate we provide full range of real estate services, including real estate agency services, individual management services, real estate valuations services, as well as legal services and immigration services.
Our firm offering one the largest selection of new and resale properties across Cyprus. Representing more than 200 developers and construction companies
Notes
This is a property advertisement provided and maintained by K. Kalogirou Real Estate Ltd, Larnaca (reference 45158) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.