Retail Unit in Agios Demetrios (quarter), Strovolos, Nicosia
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Auction
- Lot 12
- Cyprus
- Retail
- Commercial
Sold for €30.000
Property Summary
- Ground floor shop with mezzanine.
- We have been informed that the property extends to approximately 34 sq. m. of internal area and a mezzanine area of 16 sq. m.
- Subject to a tenancy with a contractual rent on €2,400 per annum - (tenant not affected).
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Property description
- Ground floor shop with a mezzanine.
- Exclusive right of use of one parking space in basement.
- Separate Title Deed.
- Contractual terms provide a 8% gross ROI.
- We have been informed that the property extends to approximately 34 sq. m. of internal area and a mezzanine area of 16 sq. m.
Location
- The property is located in Ayios Dimitrios parish, Strovolos Municipality, Nicosia District, under Land Reg. No. 13/4211.
- The property is situated on the ground floor of a five-storey building which abuts on Lemesou Avenue one of the busiest avenues in Nicosia.
- The property is situated at the western side of the building and it is located approx. 30 m. of Armenias Avenue, approx. 400 m. from Aglantzias Avenue and approx. 300 m. north of Kyrenias street.
- The immediate area features mainly commercial development with shops and offices and numerous services and amenities close by. The asset benefits from easy access to the city centre and the main motorway of Nicosia-Limassol (A1).
Tenancy
- Subject to a tenancy (tenants not affected). Statutory Tenant.
Accommodation
The property was not internally inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the property provides:
- Ground floor shop with mezzanine.
- It is recommended that interested parties undertake their own inquiries to confirm property measurements.
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*Terms & Conditions
Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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