Commercial property in Kiti, Cyprus
Location
Description
Commercial building in Kiti Community in Larnaca District.
The property enjoys excellent access to the Larnaca airport and to the neighboring communities and municipalities.
It is ideally situated close to all necessary amenities and services such as supermarkets, cafes, bakeries, shops etc.
The building was constructed 10 years ago (approx.) and its level of construction and maintenance is good. The building operates as a bank branch.
It corresponds to the 246/611 shares of the property with a land area of 2774 sqm (approx.). It is located on the southwestern part of the parcel (Part A on the distribution agreement drawing).
The property has a distribution agreement.
The total area of the building is 902 sqm (approx.) and the basement 167 sqm (approx.).
It is noted that the property with an area of 125 sqm (approx.) is also for sale.
The building is rented by a Bank for €7000/month and a yield of 6.8%.
The property is considered as an appealing investment opportunity.
