Otro for Køb i Letonia, Lefkosia

Two-storey mix-use building in Latsia, Nicosia District. The property is ideally situated on one of the busiest streets of the area and it is located close to many services and amenities. It is noted that the ground floor was constructed approximately 27 years ago while the 1st floor was constructed approximately 17 years ago. The eastern shop has been formed from the unification of two adjacent shops (No. 1 & 2) and it consists of open plan retail area, a storage and two toilets. The shop has an internal area of 77sqm. It is rented for €460/month. The central shop has been formed from the unification of two adjacent shops (No. 3 & 4) and it consists of open plan retail area, a kitchenette and three toilets. The shop has an internal area of 76sqm. It is rented for €500/month. The western shop (No.5) is consists of open plan retail area, a storage and a toilet. The shop has an internal area of 38sqm. It is noted that the property is vacant. The western flat on the 1st floor (No 101) consists of an open plan sitting area, dining with kitchen area, four bedrooms, guest toilet, bathroom with toilet and covered veranda. The master bedroom has shower/toilet and walk in wardrobe. The internal area of the flat is 124sqm (approx.) and the covered veranda is 4sqm (approx.). The flat is rented for €400/month. The eastern flat on the 1st floor (No. 102) consists of an open plan sitting area, dining with kitchen area, two bedrooms (both are en-suite), guest toilet, bathroom with toilet and covered veranda. The internal area of the flat is 124sqm (approx.) and the covered veranda is 4sqm (approx.). The flat is rented for €525/month. Total building area is approximate 439sqm. The building is considered as an ideal choice for investment with potential for a return/yield of more that 6%.