Commercial building on Pafou street, Limassol

€ 4880000
ID : 10520
Published On : February 24, 2021
Updated On : February 24, 2021
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Description

The asset is a four-storey building on Pafou and Ploutarxou street, in Apostolos Andreas quarter, Limassol. Also, the asset is located 80m west of Makarios Γ’ Avenue and lies approx. 500m west of the junction of Pafou and Omonoias Avenues. The building consists of one shop with internal area of 500sqm and 95sqm mezzanine and a kindergarden school with internal area of 545sqm and 530sqm mezzanine.

1st Floor:
Internal area 439sqm and 676sqm uncovered verandas

2nd & 3rd Floor:
Internal area 419sqm each floor

4th Floor:
Internal area 419sqm

Basement
Total area 1,045sqm consisting of a storage room, a toilet for the disabled and 40 parking spaces.

The asset is let to tenants including a private school and a known retail brand with long term tenancy agreements in place. It is an ideal investment opportunity offering 6% return.

The immediate area consists of commercial and residential developments. The asset has recently undergone complete renovation and is built with good quality materials.

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Extra Details
  • Covered Area : 1045
Extra Features
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Property Location
€ 4880000
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