Property photos
£275,387
€325,000
Villa for sale
Nicosia, Nicosia, Cyprus2 baths
Local area information
Property location
This location is approximate only. Contact the agent for the exact address.
Nearby amenities
Features and description
This prime yield producing retail asset is located in a highly desirable commercial property location in Trypiotis, Nicosia, with excellent accessibility, visibility, and high foot traffic.
Landlot area 714sqm
Ground floor:
Enclosed area size 143sqm
Kitchens 1
Bathrooms 2
WCs 2
Parking spaces 4
First floor:
Enclosed area size 69sqm
The asset is currently used as a gym and benefits from a long-term rental agreement until 2036 with a current ROI of more than 4.3% and bi-annual increase of 10% which by the end of the rental period will return 6.33%.
The retail unit spans to approximately 143 sq.m. With approximately 69 sq.m. Mezzanine, and is situated on the ground floor of a 6-storey modern building constructed in 2011 called "Theo Court", which has a contemporary design and quality material finish.
There is a separate title deed for this property with an exclusive right of use for 2 covered and 2 uncovered parking spaces
Landlot area 714sqm
Ground floor:
Enclosed area size 143sqm
Kitchens 1
Bathrooms 2
WCs 2
Parking spaces 4
First floor:
Enclosed area size 69sqm
The asset is currently used as a gym and benefits from a long-term rental agreement until 2036 with a current ROI of more than 4.3% and bi-annual increase of 10% which by the end of the rental period will return 6.33%.
The retail unit spans to approximately 143 sq.m. With approximately 69 sq.m. Mezzanine, and is situated on the ground floor of a 6-storey modern building constructed in 2011 called "Theo Court", which has a contemporary design and quality material finish.
There is a separate title deed for this property with an exclusive right of use for 2 covered and 2 uncovered parking spaces
More information
Listed by
SLV Estates Ltd
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