Bazaraki
Property 6217200
Limassol · EUR 175,000 · 4
The property is a 50% divided share of a ground-floor retail shop located in the highly sought-after Neapolis quarter of Limassol Municipality, one of the citys most vibrant coastal and commercial areas. It enjoys an excellent location approximately 230 metres from the coastline and close proximity to key landmarks such as Limassol Zoo, the Agios Nikolaos roundabout, and Georgiou Griva Digeni Avenue. The shop is strategically positioned between three major roads, with 28th October Avenue to the south, Archbishop Makarios III Avenue to the west, and John Kennedy Street to the north. The asset is situated on the ground floor of Block H, a ten-storey building with a semi-basement, constructed in 1988. The 50% share corresponds to the eastern part of the shop, as defined in the signed and submitted distribution agreement. The development has undergone horizontal division, with separate title deeds issued for each unit, and the shop benefits from a separate title deed with shared ownership of 50% with the adjacent unit. Internally, the shop features an open-plan layout with a WC, ceramic flooring, and split-unit air conditioning. A green area separates the shop from the street, enhancing its frontage and pedestrian appeal. The property is currently rented and generates income, with a lease structured in two consecutive two-year periods, the first expiring on 30/09/2027 with a gross yield of 5.5% and the second expiring on 30/09/2029 with a gross yield of 6.2%. Overall, the asset represents a solid commercial investment in a prime Limassol location, offering secure rental income, clear ownership structure, and strong long-term potential due to its proximity to the seafront and major commercial roads. There is a Distribution Agreement in place.
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| 2026-04-05 11:13 UTC | glm | glm-4.6v | 3 | 557 | 182 | 10,349 ms |
No tracked property changes recorded yet.
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