A corner retail unit in Agioi Omologites, in the commercial core of Nicosia, let and producing income.
The accommodation is arranged over a ground floor and a mezzanine. The ground floor is open-plan, with kitchen facilities, a storage room and customer cloakrooms. The mezzanine provides further open-plan space together with male, female and staff cloakrooms, one with a shower, changing rooms, a second kitchen and additional storage.
Outside there is a covered terrace and an uncovered area, with exclusive use of the adjoining pavement. That combination suits a restaurant or café as readily as a shop or showroom. Thirteen covered parking spaces are allocated across two basement levels.
The unit is let, with the lease running to November 2030 subject to annual increases of 2%, and a five-year renewal option within the agreement. At the asking price the investment shows a yield of around 5.3%. The property holds its own separate title deed and the sale is not subject to VAT.
The site falls within the ΠΕΖ zone, with a build factor of 250% and coverage of 70%. The corner position gives frontage on two sides and the footfall that comes with a central commercial pitch.
For more information or to arrange a viewing, please contact Elit Blue.
