1065m² Commercial for Sale in Larnaca District

Shop & Office in New Mall of Larnaca. It offers great proximity to shops, restaurants, and more. The building is 10min away from Larnaca’s Marina and the famous Finikoudes beach. A 10-minute drive to Larnaca International Airport. The immediate area of the asset comprises of similar mixed-use and residential developments.

The whole building consists of a ground floor shop with mezzanine, plus two extra offices on the mezzanine level. The 1st floor consists of whole floor office space and the 2nd floor consists of 4 flats and 1 office.

For sale is the share of (539/852) corresponds to a large shop on the ground floor with a mezzanine and one office on the first floor (whole floor).

The ground floor area/shop is 490sqm (approx.) plus 240sqm the mezzanine. It is noted that the shop is rented for €3,350/month.

The 1st floor of the building has total area of 575sqm (approx.) plus covered veranda of 70sqm (approx.). It is noted that the office is rented for €3,000/month by a government organization.

The property is rented for a total amount of €6,350/month with a yield if 5.6%.

It is noted that the property has acquired a distribution agreement and corresponds to the sections as specified with red color on the drawing.

This building is ideal for an investment opportunity.