Property photos
Just added
£426,228
€499,000 (€120.10/sq. ft)
Property for sale
Larnaca, Kiti9 baths
4,155 sq. ft
Local area information
Property location
Nearby amenities
Features and description
- Unfurnished
- Ceramic tiles
- Near bus route
- Near amenities
- Connected to electric mains
- Municipal water/sewage
- Easy access to main roads
- Easy access to highway
- Main road
- Near public transport
- Business facilities
- Kitchen
- Café
- Elevator
- Aircondition, Provision
This mixed-use property is on Archiepiskopou Makariou Avenue, 400m east of Panayia Aggeloktisti Church and 200m north of Ayiou Kyriakou Church, offering great access to commercial and residential areas.
Built in 2008, it includes two ground-floor commercial units—a café and a restaurant—both leased long-term. On the first floor are two vacant two-bedroom apartments, ideal for additional rental income. The rooftop has an antenna leased at €1,500 annually until December 2028.
The café (90 sqm) features a sitting area, kitchen, and mezzanine with toilets and an office. The restaurant (98 sqm) has a similar layout with extra storage and a food lift to the basement. The two apartments (99 sqm each) include open-plan living areas, kitchens, bathrooms, and balconies.
The 354 sqm basement offers seven parking spaces, storage (60 sqm), and access via a lift, staircase, and ramp.
Current rental yield is 3.29%, with a potential of 6.49% if fully rented. Zoned H2, the property allows a 90% building coefficient, 50% coverage, and two floors (8.3m), making it a promising investment opportunity.
Built in 2008, it includes two ground-floor commercial units—a café and a restaurant—both leased long-term. On the first floor are two vacant two-bedroom apartments, ideal for additional rental income. The rooftop has an antenna leased at €1,500 annually until December 2028.
The café (90 sqm) features a sitting area, kitchen, and mezzanine with toilets and an office. The restaurant (98 sqm) has a similar layout with extra storage and a food lift to the basement. The two apartments (99 sqm each) include open-plan living areas, kitchens, bathrooms, and balconies.
The 354 sqm basement offers seven parking spaces, storage (60 sqm), and access via a lift, staircase, and ramp.
Current rental yield is 3.29%, with a potential of 6.49% if fully rented. Zoned H2, the property allows a 90% building coefficient, 50% coverage, and two floors (8.3m), making it a promising investment opportunity.
More information
Listed by
KALOGIROU REAL ESTATE
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