Commercial building for sale in Larnaca

The property for sale is part of a commercial building(shop & office) 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 6%.

It is considered as a good investment opportunity.