Investment (Mixed Use) in Agios Nikolaos, Limassol for Sale

MIXED-USE BUILDING FOR SALE – CENTRAL LIMASSOL.

€700,000 | TITLE DEEDS AVAILABLE | CURRENT GROSS YIELD: 5.69%

An excellent investment opportunity in a central and convenient area of Limassol, offering a combination of residential and commercial units within the same building.

The property provides multiple rental income streams and also offers the flexibility for an owner-occupier to live in one of the apartments while generating income from the remaining units.

LOCATION

• 15-minute walk to Archbishop Makarios III Avenue
• 7-minute drive to Limassol Marina
• 9-minute drive to Cyprus University of Technology
• Close to shops, supermarkets, restaurants and everyday amenities
• Quiet residential setting away from the main roads

THE BUILDING

1st Floor – 3-Bedroom Apartment | 108 m²

• 3 bedrooms
• 2 bathrooms
• Spacious living room
• Bright balcony with front and rear views
• Private parking space

Mezzanine – 2-Bedroom Apartment | 57 m²

• 2 bedrooms
• 1 bathroom
• Kitchen
• Spacious living room
• Bright interiors with side and rear views
• Private parking space

Ground Floor – 2 Commercial Shops | 66 m²

• Shop 1: 35 m² + mezzanine
• Shop 2: 31 m² + mezzanine
• Each shop has its own bathroom
• The 35 m² shop benefits from a rear door providing access to the parking area
• Front parking available

PROPERTY DETAILS

• Plot area: 242 m²
• Total covered area: 231 m²
• Parking areas are additional and are not included in the 231 m²
• 3 parking spaces: 2 covered + 1 uncovered
• Title deeds available

DEVELOPMENT POTENTIAL

The property offers the possibility of constructing an additional floor, subject to the applicable planning and building regulations and the necessary approvals.

With a combination of residential and commercial rental income, dedicated parking and future development potential, this property presents an attractive investment opportunity in Limassol.

CURRENT GROSS YIELD: 5.69%