Full Description
Ground floor shop with a basement in Avgorou, Famagusta. The traditional village of Avgorou, is one of the many inland villages which has enjoyed an increase in popularity. Avgorou village provides amenities such as supermarket, schools, coffee places, pharmacy etc.
The property is a ground floor shop with a basement. The shop featuring an open-plan shop area on the ground floor, complemented by convenient access to a well-equipped basement. The basement includes two spacious storage rooms, an office, toilets, and parking for up to six cars, currently utilized for additional storage area. Access is seamless via a staircase, lift, or external concrete ramp.
The asset is currently leased under a secure 4-year contract expiring in September 2028.
The property provides an excellent RIO of 7,2% and benefits from a yearly rent increase of 2%, providing a reliable income stream for investors.
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