Retail Unit for sale in Kallipoleos Avenue, Nicosia.

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 coffee shop 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 coffee shop company for 5 years, until 31/12/2025, and consists of an open plan area and toilets.

The asset is located 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.