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
Unfurnished
