Retail premises for sale

Zakaki, Limassol, Cyprus

The 3-storey building comprises 5 fully furnished and equipped apartments (2bd and 1 bd) with a separate entrance, a 230 sqm space for a night club at the basement (including a bar, kitchen, stage, dancing area, WC for guests, storage room, an office and private rooms with en-suites), and a ground floor area which is currently rented for a fully licenced half furnished restaurant. The yard offers a spacious swimming pool with an open air pool bar, a garden and a space for parking/comon use. The music licesince until 4:30 am for the club at the basement is the unique feature of the property; the license enables the open air restaurant to operate six months of the year with an income 10 000 per year. As for the other advatages, the building has no VAT, offers potential of total rental income for more than 4 000 per month and has a permit to expand the contruction for 2 more levels. Overall, located in the rapidly developing area the property would be a burgain for investors.

The price was reduced from 1 400 000 for a quick sale.

Location
The building is perfectly placed in the developing area of Zakaki - Franklin Rousvelt street. The huge shopping center, New Port Terminal and newly built Casino Resort are the key-features for the rental demand in the area. Open parking spaces, busstops, banks, bakeries and big supermarkets are available within walking distance.