Mixed use whole building for sale located on a service road of Paphou Avenue that has been established as one of the busiest streets of Limassol with easy access to the high way, the New Port and the wider area of Limassol.
The building sits on a plot of 922m² and covers a total area of approximately 1,210m² over 3 floors comprising the following:
-Ground Floor with 3 Shops with mezzanine covering total 220m², 190m² and 200m²
-First Floor with 2 three-bedroom Apartments of 120m² each and 1 one-bedroom apartment of 60m² total covered area
-Second Floor with 2 three-bedroom Apartments of 120m² each and 1 one-bedroom apartment of 60m² total covered area
The property is partly rented and partly owner occupied.
Located in an area where high property appreciation is expected over the next few years this property offers a unique investment opportunity.
Anticipated Annual Rental Income €129,600 with expected return on investment of 6,5%