Nicosia District, Nicosia

Two-storey mixed-use building in Latsia, Nicosia District. The property is ideally situated on one of the busiest streets of the area and it is located close to numerous services and amenities. The building consists of five shops on the ground floor and two flats on the 1st floor. It is noted that the ground floor was constructed 27 years ago while the 1st floor constructed 17 years ago. The shop No. 1 & 2 consists of open plan retail area, a storage and two toilets. The shop has an internal area of 77 sq. m. It is rented for €460/month. The central shop (No. 3 & 4) consists of open plan retail area, a kitchenette and three toilets. The shop has an internal area of 76 sq. m. It is rented for €500/month. The shop (No. 5) consists of open plan retail area, a storage and a toilet. The shop has an internal area of 38 sq. m. The flat on the 1st floor (No 101) consists of an open plan sitting area, dining with kitchen area, four bedrooms, guest toilet, bathroom with toilet and covered veranda. The master bedroom has shower/toilet and walk in wardrobe. The internal area of the flat is 124 sq. m. and the covered veranda is 4 sq. m. The flat is rented for €400/month. The flat on the 1st floor (No. 102) consists of an open plan sitting area, dining with kitchen area, two bedrooms (both are en-suite), guest toilet, bathroom with toilet and covered veranda. The internal area of the flat is 124 sq. m. and the covered veranda is 4 sq. m. The flat is rented for €525/month. The building is considered as an ideal choice for investment with potential for a return/yield of more that 6%.