Real Estate in Cyprus
Real Estate in Cyprus
Real Estate in Cyprus
For Sale: Investment: mixed use, Polis Chrysochous, Paphos, FC-47170
Paphos
For Sale
€420,000
Description
A mixed-use building in Polis Chrysochos, Paphos District. It is ideally located close to numerous services and amenities and has excellent access to the beautiful beaches of the surrounding area.
The two-storey building was constructed around the year 2000. It consists of a basement (communal parking space), two shops on the ground floor, one flat on the mezzanine and four flats on the 1st floor.
The corner shop has an internal area of 73 sq.m. plus 23 sq.m. mezzanine and covered veranda of 4 sq.m. It has an yard. The shop is rented for €300/month.
The shop has an internal area of 51 sq.m. plus 25 sq.m. mezzanine. It has an yard and it is split into 2 smaller units. The shop is rented for total of €500/month (€250/month each unit).
The flat No.1 on the mezzanine consists of an open plan sitting area, dining with kitchen area, two bedrooms, bathroom with toilet and covered veranda. The internal area of the flat is 62 sq.m. and the covered veranda is 3 sq.m. The flat is rented for €300/month.
The flat No.1 on the 1st floor consists of an open plan sitting area, dining with kitchen area, two bedrooms, bathroom with toilet and veranda. The internal area of the flat is 62 sq.m. and the uncovered veranda is 2 sq.m. The flat is rented for €280/month.
The flat No.2 on the 1st floor consists of an open plan sitting area, dining with kitchen area, one bedroom, bathroom with toilet and covered veranda. The internal area of the flat is 44 sq.m. and the covered veranda is 10 sq.m. The flat is occupied.
The flat No.3 on the 1st floor consists of an open plan bedroom, sitting with kitchen area, bathroom with toilet and veranda. The internal area of the flat is 24 sq.m. and the uncovered veranda is 1 sq.m. The flat is rented for €220/month.
The flat No.4 on the 1st floor consists of an open plan sitting area, dining with kitchen area, two bedrooms, bathroom with toilet and veranda. The internal area of the flat is 61 sq.m. and the covered veranda is 8 sq.m. The flat is vacant.
Total building area is 377 sq.m. and the land area is 276 sq.m.
The building is considered as an ideal choice for investment with potential for a return/yield of more that 6%.
