Property listing

property image
2
Commercial Building
15380

Commercial Building in Kokkinotrimithia

€10,500,000
plus vat
Kokkinotrimithia, Nicosia
Parking spaces
1
Furnished
Unfurnished
Covered
11,522 m²
Plot
48,221 m²

Commercial Buildings Complex KOKKINOTRIMITHIA, NICOSIA - land area 48,221m2 – building area 11,522m2The property is a unique Commercial Buildings Complex of open air format situated in Nicosia, with broader catchment area across all of Cyprus.❑ 11,522m2 indoor areas, currently set up as:Retail 9,516m2 :❑ 42 shops (of which 5 are large stores)  ❑ 1 large store of 1,400m2  Food & Beverages 1,306m2 : ❑ 8 F&B placesEntertainment: ❑ Fun Park – featuring 700m2 of indoor facilitiesParking Spaces: ❑ 466 parking spaces available – included is 13.088m2 land leased from the government used as parking (annual lease cost €26,000)❑ Substantial opportunity exists for an experienced operator to reposition and remarket the property and generate significant income. Upside exists from:❑ Renting vacant space for existing use or many other uses (education, medical, entertainment etc)❑ Optimizing energy supply and consumption with solar energy, expanding laterally in adjacent available land❑ Unique location in the center of Cyprus and easy access❑ Available allowable density to build further c7,000sq.m2Total land area 35,133m2freehold  13,088m2leasehold parking area48,221m2 Total land area11,522m – built area466 parking spacesPROPERTY STRENGTHS❑ Strategic location in the center of Cyprus, accessible from nearby Highway❑ Can be operated as its designed use as a Retail Park❑ Can be converted to many other uses (education, entertainment, medical, offices etc)❑ Existing Food & Beverage set up❑ 466 parking spaces

Mortgage calculator

€35,415
€35,415

The information provided for this property is based on details supplied by the owner or developer and is subject to verification. Prices, availability, dimensions, and specifications may change without prior notice. Investia Real Estate Agents shall not be held liable for any inaccuracies or omissions. Prospective buyers are advised to conduct their own due diligence prior to any transaction.

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