Retail shop in Larnaca city center

  • €135,000

Overview

Property ID: 9270
  • Commercial
  • Property Type
  • 36 m²
  • Area Size

Description

Retail shop in Larnaca city centre for sale

The shop is in Larnaca city centre, close to the St. Lazaros church.
Located in a prime commercial area near Ayios Lazaros Church and just west of Foinikoudes Beach, this shop offers excellent visibility and accessibility.
Situated in a mixed-use building constructed in the late ’90s, the property features an open-plan customer service area, grilling area, a small kitchen and an internal staircase leading to the mezzanine. The mezzanine consists of two toilets and storage area.

The property falls within Zone Πα8α, with a building coefficient of 140%, coverage of 70%, and permission for 2 floors (7m) of construction.

The property is currently rented.
The asset starts with a 5.7% yield, increasing by 7% every 2 years, reaching 6.6% by 2030 under a 6-year contract. This structured growth enhances long-term returns.

There is a separate title deed for this property.

Details

  • Property ID 9270
  • Price €135,000
  • Property Size 36 m²
  • Property Type Commercial
  • Property Status Sold
  • Condition RESALE

Features

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All information provided herein has been obtained from sources believed reliable, but may be subject to errors, omissions, change of price, prior sale, or withdrawal without notice. Arena Properties Real Estate and its affiliates make no representation, warranty or guaranty as to accuracy of any information contained herein.

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