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Pay in USD and save up to $14,153🏢 Investment Property – Three Shops Building for Sale in Kokkinotrimithia, Nicosia
📍 Location
Located in Kokkinotrimithia, Nicosia District
• Approx. 880m southeast of the community center
• Close to schools, supermarkets, banks, shops, and everyday amenities
• Excellent visibility on main roads
📐 Property Details
• Plot Area: 850 m²
• Covered Areas: 393 m²
• Covered Verandas: 24 m²
• Year Built: 1996
• Corner property
• Approx. 70m total road frontage
🏢 Building Configuration
🔹 South Shop
• Open-plan commercial space
• Kitchen
• Two toilets
🔹 Middle Shop
• Open-plan commercial space
• Storage room
• Toilet
🔹 North Shop
• Open-plan commercial space
• Kitchen
• Toilets
🌟 Property Highlights
• Single-storey commercial building with three separate shops
• Prime corner position with frontage on two roads
• Flat and regular-shaped plot
• Strong visibility and accessibility
• Established commercial location
💰 Investment Information
• Currently rented
• Monthly Rental Income: €1,800
• Estimated Yield: 6.1% based on asking price
• Immediate income-producing asset
📈 Investment Potential
Ideal for:
• Investors seeking rental income
• Commercial property portfolio expansion
• Long-term hold with steady returns
• Potential future redevelopment opportunity subject to planning regulations
🚗 Additional Advantages
• Separate title deed
• High exposure location
• Large plot size for a commercial asset
• Good frontage on Archiepiskopou Kyprianou Street and Grigoris Afxentiou Avenue
ℹ️ Additional Info
• Property is rented
• Separate title deed available
Reference: O44620A
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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