Commercial Units - Aradippou, Larnaca

Commercial properties for sale

The property for sale is part of a commercial building (shop & office) in Agios Fanourios quarter of Aradippou municipality. The property abuts 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 centre and the motorway. The building consists of a ground-floor shop with a mezzanine plus two extra offices 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, a mezzanine, and one office on 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 in red colour 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 a total area of 575 sqm (approx.) plus a 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 €6,350/month with a yield of 5.6%. It is considered as a good investment opportunity.