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Commercial building, lythrodontas

Nicosia, Lythrodontas
Posted: Today 03:36 Ad ID: 5912525
Commercial building, lythrodontas-1 Commercial building, lythrodontas-2 Commercial building, lythrodontas-3 Commercial building, lythrodontas-4 Commercial building, lythrodontas-5 Commercial building, lythrodontas-6 Commercial building, lythrodontas-7
  • Reference number: 2059
  • Area: 315 m²
  • Type: Building
  • Condition: Resale
  • Plot area: 620 m²
  • Online viewing: Yes
  • Construction year: 2004
  • Energy Efficiency: In Progress
  • Square meter price: €1.333 /m²
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FOR SALE: Commercial Building with Investment Potential in Lythrodontas, Nicosia

A fantastic investment opportunity in the heart of Lythrodontas!

This commercial building consists of five fully rented shops, generating a stable annual rental yield of 5,2% with a 4% rental increase every two years. Constructed in 2004, the property sits on a 620 m² plot and offers immediate passive income and long-term development potential.

Property Details:

- Shop A: 51 m²

- Shop B: 72 m²

- Shop C: 51 m²

- Shop D: 74 m²

- Shop E: 67 m²

- Total land area: 620 m²

- Zone: H1

- Building Coefficient: 120%

- Coverage: 70%

- Floors Allowed: 3

- Max Height: 11.4m

The property comes with architectural plans for the addition of the first floor which can be applied for the second floor as well, consisting of four apartments:

- 3 x Two-bedroom apartments

- 1 x Three-bedroom apartment

Although the building permit has expired, it can be renewed to proceed with the residential development, offering significant upside for the future owner.

Listed by TandyRealty, get in touch to book a viewing or ask anything you’d like to know.

Mesitou. We make it happen.

Any areas, energy class or descriptions are approximate and for guidance only. All information provided by TandyRealty should be independently verified and confirmed by interested party. No guarantee, warranty or representation of any kind is made regarding accuracy of any data mentioned herein.

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  • Technical inspection:
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  • Legal inspection:
    M.PARASCHOU LAW Advocates & Legal Consultants
    +357 22 622 262
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  • Legal inspection:
    CTA LAW FIRM C.T. Antoniou & Co LLC
    + 357 22 516 838
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€420.000
€1.333/m²
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TandyRealty TandyRealty
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Posting since jul, 2017

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