Shop in kiti
- Reference number: 32506
- Area: 886 m²
- Type: Shops, showrooms
- Condition: Resale
- Included: Elevator
- Online viewing: Νο
- Construction year: 2008
- Energy Efficiency: B
- Square meter price: €677 /m²
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This mixed-use property is on Archiepiskopou Makariou Avenue, 400m east of Panayia Aggeloktisti Church and 200m north of Ayiou Kyriakou Church, offering great access to commercial and residential areas.
Built in 2008, it includes two ground-floor commercial units—a café and a restaurant—both leased long-term. On the first floor are two vacant two-bedroom apartments, ideal for additional rental income. The rooftop has an antenna leased at €1,500 annually until December 2028.
The café (90 sqm) features a sitting area, kitchen, and mezzanine with toilets and an office. The restaurant (98 sqm) has a similar layout with extra storage and a food lift to the basement. The two apartments (99 sqm each) include open-plan living areas, kitchens, bathrooms, and balconies.
The 354 sqm basement offers seven parking spaces, storage (60 sqm), and access via a lift, staircase, and ramp.
Current rental yield is 3.29%, with a potential of 6.49% if fully rented. Zoned H2, the property allows a 90% building coefficient, 50% coverage, and two floors (8.3m), making it a promising investment opportunity.
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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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:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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