Investment Opportunity for 2 Storey Mixed use building in Kiti, Larnaca – id S32506

This prime mixed-use property on Archiepiskopou Makariou Avenue features modern commercial and residential spaces near Panayia Aggeloktisti Church.andlt;brandgt; The building has been constructed in 2008, it includes two ground-floor commercial units: a café and a restaurant, both with steady, long-term leases.andlt;brandgt; On the first floor are two spacious, vacant two-bedroom apartments (door no. 101andamp;amp;102), ideal for rental income.andlt;brandgt; The rooftop hosts an antenna leased at €1,500 annually through Dec 2028.andlt;brandgt; andlt;brandgt; – The shop (cafe) on the northeastern side of the ground floor consists of an open plan area used as sitting / service area, a kitchen, an external disabled toilet and a staircase that leads to the mezzanine. The mezzanine has two toilets and an office. andlt;brandgt; – The restaurant on the southeastern side of the ground floor consists of an open plan area that is used as siting / service area, a kitchen, a storage room, an disabled toilet that has been converted into storage room, a toilet and an internal staircase that leads to the mezzanine. The disabled toilet has been converted into an auxiliary / storage area. The mezzanine consists of two toilets. The restaurant has a food lift that leads to the storage room on the basement.andlt;brandgt; – The apartment with door no 101 consists of an open plan living/siting area, a kitchen, a guests’ toilet, a family bathroom, two bedrooms and a covered balcony. The covered balcony has been converted into a bedroom. andlt;brandgt; – The apartment with door no 102, consists of an open plan living/siting area, a guest’ toilet, a family bathroom, two bedrooms and a covered balcony.andlt;brandgt; – The basement consists of 7 parking spaces, a toilet and a storage area. Access to the basement is available through a lift, a staircase and an external ramp. andlt;brandgt; andlt;brandgt; Enclosed Areas Breakdown:andlt;brandgt; Cafe: 90 sqm (Northeast)andlt;brandgt; Restaurant: 98 sqm (Southeast)andlt;brandgt; Flat 101: 99sqm (1st Floor)andlt;brandgt; Flat 102: 99sqm (1st Floor)andlt;brandgt; Basement Parking Area: 354 sqmandlt;brandgt; Basement Storage Area: 60 sqmandlt;brandgt; andlt;brandgt; Current Gross Rental Yield: 3.29% (Based on the existing rental agreements with 2 vacant apartments)andlt;brandgt; Potential Gross Rental Yield with full occupancy: 6.49% (Based on full occupancy of 2 apartments ,2 shops and antenna lease )andlt;brandgt; andlt;brandgt; The asset is located along Archiepiskopou Makariou Avenue, approximately 400m east of Panayia Aggeloktisti church and approximately 200m north of Ayiou Kyriakou church. andlt;brandgt; andlt;brandgt; The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.andlt;brandgt; andlt;brandgt; Pending EPC