This asset concerns a 50% distributed share of a ground-floor retail shop located in the highly sought-after Neapolis quarter of Limassol Municipality, one of the city\u2019s most vibrant coastal and commercial districts. The property enjoys an excellent position approximately 230 metres from the coastline, within close proximity to key city landmarks such as Limassol Zoo, Agios Nikolaos roundabout, and Georgiou Griva Digeni Avenue.

The shop is strategically bounded by three major roads:
\u2022 28th October Avenue (coastal road) to the south,
\u2022 Archbishop Makarios III Avenue (commercial road) to the west, and
\u2022 John Kennedy Street to the north.

The subject unit (Shop No. 434, Door No. 6B-\u0393) is situated on the ground floor of Block H, a ten-storey building with a semi-basement, constructed in 1988.

The 50% share corresponds specifically to the eastern part of the shop, as clearly defined in the signed and submitted distribution agreement. The overall project has undergone successful horizontal division, with separate title deeds issued for each unit. The subject shop benefits from a separate title deed, with ownership shared 50% with the adjacent unit.

Internally, the shop comprises an open-plan layout and a WC, finished with ceramic flooring and equipped with split-unit air conditioning. A green area separates the shop from the street, enhancing its frontage and pedestrian environment.

Investment Highlights

\u2022 Income-producing asset
\u2022 Currently rented, with a lease structured in two consecutive two-year periods

o 1st period expires 30\/09\/2027 with gross yield of 5.5%
o 2nd period expires 30\/09\/2029 with gross yield of 6.2%

Overall, this property represents a solid commercial investment in a prime Limassol location, offering secure rental income, clear ownership structure, and long-term capital potential driven by proximity to the seafront and major commercial arteries.

There is a Distribution Agreement in place.

Energy Category: B","locale":"en"}],"disclaimer":[{"value":["The property is owned by Themis Portfolio Management Holdings Limited.","The sale of the property, which comprises of a property share is subject to the right of first refusal granted to co-owners under section 25 of the Immovable Property (Tenure, Registration and Valuation) Law, Cap. 224.","The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).","The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.","Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.