FOR SALE: Commercial Building with Investment Potential in Lythrodontas, Nicosia

A fantastic investment opportunity in the heart of Lythrodontas!

This commercial building consists of five fully rented shops, generating a stable annual rental yield of 5,7% with a 4% rental increase every two years. Constructed in 2004, the property sits on a 620 m² plot and offers immediate passive income and long-term development potential.

Property Details:

- Shop A: 51 m²
- Shop B: 72 m²
- Shop C: 51 m²
- Shop D: 74 m²
- Shop E: 67 m²
- Total land area: 620 m²

- Zone: H1
- Building Coefficient: 120%
- Coverage: 70%
- Floors Allowed: 3
- Max Height: 11.4m

The property comes with architectural plans for the addition of the first floor which can be applied for the second floor as well, consisting of four apartments:

- 3 x Two-bedroom apartments
- 1 x Three-bedroom apartment

Although the building permit has expired, it can be renewed to proceed with the residential development, offering significant upside for the future owner.

Mesitou. We make it happen.