€600,000 $631,911
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Pay in USD and save up to $22,117Key features
- Listing ID: 1592111 (29342)
- Plot: 526 sqm
Description
Detailed Breakdown:
Ground Floor:
Cafeteria : 90 sqm, featuring a mezzanine office and toilets.
Restaurant : 98 sqm, includes full-service area, kitchen, storage, mezzanine with
additional 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 sqm
Restaurant: 98 sqm
Flat 101: 99sqm (1st Floor)
Flat 102: 99sqm (1st Floor)
Basement Parking Area: 354 sqm
Basement Storage Area: 60 sqm
Leasing & 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 commercial
activity.
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 or direct line +357-99640461
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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