Commercial for sale, Nicosia

Location • The property located I Kaimakli, in a walking distance of the Bata roundabout and the 1st Elementary School. Building • The asset referred to the ¼ share of a mixed-use building constructed around 1985. • The share corresponds to the eastern ground-floor shop and apartment no. 202 on the 2nd floor, as defined in the distribution agreement. External Features • The apartment benefits from covered verandas of approximately 10 sq.m. The building is situated in an established residential area with easy access to main roads and local amenities. Internal Characteristics • The ground-floor shop (approx. 35 sq.m.) has been converted into an apartment and consists of an open-plan kitchen, living/sleeping area, and a bathroom with shower. • The 2nd floor apartment (approx. 117 sq.m.) comprises an open-plan living and sitting area, kitchen with a small dining area, guest toilet, main bathroom with shower, and three bedrooms. Advantages & Special Features • The property is subject to a distribution agreement clearly defining the units. • It is currently in the process of obtaining a Consensual Court Order for vacant possession (freehold), expected by 30/06/2025. • A substantial rental income is expected among vacant possession is delivered.