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For Investment Commercial retail properties in prime location, solid investment opportunity in Larnaca, Larnaca

This opportunity consists of 18 commercial properties in a prime location of Larnaca.

The Location is one of the busiest intersections in Larnaca and a pass-through road towards the main marina of Larnaca
All shops have individual title deeds

The Above tenants have been tenants for a period ranging from 5 to 25 years depending on the tenant.
All tenants pay on time and there are no bad debts.
This property offers a fantastic diversification in risk as tenants have a proven track record as well as the fact that no single tenant is large enough to influence the investors return.

There is no maintenance costs on these properties as they are paid by the tenants
The other advantage is the location and offers the tenants a constant flow of business

The Analysis of the tenancies are as follows

Tenant                              Units               Shop no                 Annual Rent

Gallery                                  5                  25-28                  14400
Pizza Outlet                          2                  29-30                    9840
Sports Shop                          3                  31-33                  12276
Hairdresser                           1                  35                         6480
Pharmacy                             1                  34                         5760
Snack shop                           1                  36                         4320
Mobile phones and acces     1                  37                         5400
Tourist agency                      1                  38                         5400
Music shop                           1                  39                         5400
Sushi                                     1                  40                         4800
Photo shop                          1                  41-42                    4800

                                                   Total annual rent income   83 836

Sales Price:
€1,750,000 - €1942.29 Per m2
Title Deed Available
Yield:
4.8%
Listing Type:
Commercial
Property Type:
Building
Property Status:
Resale
Date Available:
16-12-2019
Working Area:
900m2
Total area:
900m2
Units:
18

Features

Furniture & Appliances

Unfurnished


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