Building for sale in Kiti, Larnaca

Detailed Breakdown:Ground Floor:Cafeteria : 90 sqm, featuring a mezzanine office and toilets.Restaurant : 98 sqm, includes full-service area, kitchen, storage, mezzanine withadditional toilets, and a food lift to the basement storage.First Floor Apartments:Flat 101: 99 sqm, featuring an open-plan living/sitting area, kitchen, guests' toilet,family bathroom, and two bedrooms. The covered balcony has been converted into an additional bedroom.Flat 102: 99 sqm, offering an open-plan living/sitting area, kitchen, guests' toilet, family bathroom, two bedrooms, and a covered balcony.Yield Potential: Both apartments are currently vacant, presenting a significant opportunity for rental income and yield generation.Basement:Parking Area: Spacious 354 sqm with 7 parking spaces.Storage Area: 60 sqm with toilet facilities, accessible via lift, staircase, and external ramp.Enclosed Areas Breakdown:Cafe: 90 sqmRestaurant: 98 sqmFlat 101: 99sqm (1st Floor)Flat 102: 99sqm (1st Floor)Basement Parking Area: 354 sqmBasement Storage Area: 60 sqmLeasing & Investment Details:Cafe Lease:Active until 30/11/2029 with escalating rent: €520/month (2024-2025), €590/month (2025-2027), €650/month (2027-2029).Restaurant Lease:Valid till 30/11/2029 at €1,000/month starting 01/07/2024.Antenna Rooftop Lease:Lease period: 01/01/2024 to 31/12/2028, generating €1,500 annually.Why This Investment?Significant Upside Potential with vacant apartments ready for rental income.Long-term Leases with current tenants provide stable cash flow.Strategic Location in a mixed-use area known for both residential and commercialactivity.Modern Construction (2008) ensures quality and durability.Capitalize on this High-Yield Opportunity! Maximize your returns by leasing the vacant apartments and boosting your overall rental income.Contact us today to explore this investment!For viewing please contact our office.