Prime Mixed Use Building in Aradippou Larnaca

Information from owner
This two storey mixed use commercial building offers a unique investment opportunity in the sought after Apostolos Loucas parish of Aradippou Larnaca and strategically located on a prominent corner of 25th Martiou Avenue and Agriniou Street. The building consists of Ground Floor A shop with a customer service area a pre cooked food room meat processing facilities a fridge room a restroom and a convenient external storage room. Mezzanine An open plan area with fitted kitchen cupboards accessible via a covered staircase leading to the roof. First Floor Apartment A spacious three bedroom flat with a bright open plan dining and living area a bathroom and a mix of covered and uncovered verandas for relaxed living. The ground floor is rented with a lease agreement of 500 monthly rent with expiration date 30 08 2030 and with indexation of 7 every two years. The potential gross rental yield of the building with full occupancy can range from 6.9 to 7.4 makes it a great investment opportunity. The asset is located approximately 1.8km from A3 motorway approximately 5km from the beach and approximately 850m from Aradippou community centre. The property falls within Zone Κα5 with a building coefficient of 100 coverage of 50 and permission for 3 floors 13.5m of construction.