Commercial Units for sale - Aradippou, 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 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. 

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 5.6%.

It is considered as a good investment opportunity.