Retail Unit in Kallipoleos Avenue, Nicosia

Retail unit situated on the ground floor of a mixed use building, is ideally located within walking distance to the University of Cyprus, in Kallipoleos Avenue, Nicosia.
The shop was separated in 2 units of approximately 100 sq.m & 118 sq.m., which are rented with a total ROI of approximately 3.9%.
The western shop of approximately 100 sq.m. is rented to a coffeeshop company for 15 years, until 31/05/2034 with rental increases, and consists of an open plan area for customers and service, 2 toilets for men and women, a support room for staff, an office area/storage room and exterior sitting area.
The eastern shop of approximately 118 sq.m. is rented to another coffeeshop company for 5 years, until 31/12/2025, and consists of an open plan area and toilets.
The asset is located on the junction of Kallipoleos-Ethnikis Frouras-Federico Garcia Lorka Avenue, approximately 100m to the University of Cyprus and approximately 280m the Landmark hotel in Lemesou Avenue.
The property falls within Zone Eβ3, with a building coefficient of 160%, coverage of 50%, and permission for 6 floors (24m) of construction. A30087