Ground floor shop with a basement in Avgorou for sale

A great investment opportunity!!!

The building consists of a large ground floor shop with a basement, located in Avgorou, Famagusta.
This is an exceptional retail opportunity featuring an open-plan shop area on the ground floor, complemented by convenient access to a well-equipped basement. The basement includes two spacious storage rooms, an office, toilets, and parking for up to six cars, currently utilized for additional storage area.
Access is seamless via a staircase, lift, or external concrete ramp.

The asset is currently leased under a secure 4-year contract expiring in September 2028.
The property provides an excellent Return on Investment of 10,5% and benefits from a yearly rent increase of 2%, providing a reliable income stream for investors.

The property is situated in an easy access location, close to the center of the village and with easy acess to the main road system.

The property falls within Zone Κα6, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction.

Possibility for 2nd floor construction.

The property comes with READY TITLE DEEDS.

Information:
Floors: 2 (Ground Floor and Basement)
Ground Floor: 366 sq.m.
Basement: 408 sq.m.
Total Built Area: 774 sq.m.
Frontage Length: 20 m
Year Built: 1995
Number of Building Floors: 2
Energy Category: D
Plot Size: 932 sq.m.
Plot Information:
Affected percentage: 100%
Max coverage ratio: 50%
Max density ratio: 90%
Max height in meters: 10 sq.m.
Max number of floors: 2
Planning zone: Κα6
Total of 4 enclosed areas, within the Building

Extremely Spacious Building
Air-Conditioned
Private Covered Parking in Basement
Large Storage Rooms in Basement
Side and Back Verandas
Elevator
Staircase
Solar Water Heating System
Electric Water Heating System
Walking Distance to Bus Stops
Easy Access to Main Roads
Title Deeds on Land