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
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