Retail Unit in Kallipoleos Avenue Nicosia

Information from owner
Retail unit situated on the ground floor of a mixed use building is ideally located within walking distance to the University of Cyprus in Kallipoleos Avenue Nicosia. The shop was separated in 2 units of approximately 100 sq.m 118 sq.m. which are rented with a total ROI of approximately 3.9 . The western shop of approximately 100 sq.m. is rented to a coffeeshop company for 15 years until 31 05 2034 with rental increases and consists of an open plan area for customers and service 2 toilets for men and women a support room for staff an office area storage room and exterior sitting area. The eastern shop of approximately 118 sq.m. is rented to another coffeeshop company for 5 years until 31 12 2025 and consists of an open plan area and toilets. The asset is located on the junction of Kallipoleos Ethnikis Frouras Federico Garcia Lorka Avenue approximately 100m to the University of Cyprus and approximately 280m the Landmark hotel in Lemesou Avenue. The property falls within Zone Eβ3 with a building coefficient of 160 coverage of 50 and permission for 6 floors 24m of construction.