Commercial building in aradippou
The property for sale is part (shop & office) of commercial building in Agios Fanourios quarter of Aradippou municipality. It is situated at a distance of 750m northwest of GSZ Stadium and 100 meters east of the intersection of Eleutherias – Spyrou Kyprinaou Avenue.
The property abuts onto 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 center and the motorway.
The building consists of a ground floor shop with mezzanine plus two extra office 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 and a mezzanine and one office o 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 with red color 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 total area of 575sqm (approx.) plus 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 a total amount of €6,350/month with a yield if 5.6%.
It is considered as a good investment opportunity.
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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