2 Storey Residential / Commercial mix use building in Kiti Larnaca

Detailed Breakdown:
Ground Floor:
Cafeteria : 90 sqm, featuring a mezzanine office and toilets.
Restaurant : 98 sqm, includes full-service area, kitchen, storage, mezzanine with
additional toilets, and a food lift to the basement storage.

First Floor Apartments:
Flat 101: 99 sqm, featuring an open-plan living/sitting area, kitchen, guests' toilet,
family bathroom, and two bedrooms. The covered balcony has been converted into an additional bedroom.
Flat 102: 99 sqm, offering an open-plan living/sitting area, kitchen, guests' toilet, family bathroom, two bedrooms, and a covered balcony.

Yield Potential: Both apartments are currently vacant, presenting a significant opportunity for rental income and yield generation.

Basement:
Parking Area: Spacious 354 sqm with 7 parking spaces.
Storage Area: 60 sqm with toilet facilities, accessible via lift, staircase, and external ramp.
Enclosed Areas Breakdown:
Cafe: 90 sqm
Restaurant: 98 sqm
Flat 101: 99sqm (1st Floor)
Flat 102: 99sqm (1st Floor)
Basement Parking Area: 354 sqm
Basement Storage Area: 60 sqm

Leasing & Investment Details:
Café Lease:
Active until 30/11/2029 with escalating rent: €520/month (2024-2025), €590/month (2025-2027), €650/month (2027-2029).

Restaurant Lease:
Valid till 30/11/2029 at €1,000/month starting 01/07/2024.

Antenna Rooftop Lease:
Lease period: 01/01/2024 to 31/12/2028, generating €1,500 annually.

Why This Investment?
Significant Upside Potential with vacant apartments ready for rental income.
Long-term Leases with current tenants provide stable cash flow.
Strategic Location in a mixed-use area known for both residential and commercial
activity.
Modern Construction (2008) ensures quality and durability.
Capitalize on this High-Yield Opportunity! Maximize your returns by leasing the vacant apartments and boosting your overall rental income.

Contact us today to explore this investment!

For viewing please contact our office.