Mixed Use Project for sale in Agios Athanasios, Limassol

Commercial property in an excellent location in  Agios Athanasios Municipality of Limassol district. It is located on the intersection of Anoikodomiseos and Faoust Street and situated approximate 350 meters north of the motorway. It is ideally situated close to a plethora of amenities and services. In addition, it has excellent access to Agios Athanasios center and the motorway.Within the parcel there are 2 detached buildings that are both in a good condition.The corner building on the eastern part is two-storey and it is used as a bank branch. The ground floor area is 279 sqm (approx.) and 1st floor is 217 sqm (approx.). It has to be noted that the building has an uncovered parking space for customers and staff. The ground floor is rented for €3348/month. The 1st floor is vacant. The ground floor building on the western part consists of a storage space of approximate 110sqm and a shop of approximate 70sqm. The building is rented for €900/month.The total rent is € 4,248 /month and the yield 4.2%. The property has the potential to offer a yield of 6% and above.  It needs to be noted that the property has unexhausted building density as it is falls within the commercial zone (Εβ) which allows for a building factor of 90%, and for the construction of a three-storey building. The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. District: Limassol Municipality: Agios Athanasios Quarter: Agios Athanasios