Properties
KOKKΙNOTRIMITHIA
€10,500,000
District: LEFKOSIA
Municipality/Village: KOKKΙNOTRIMITHIA
Area:
11522m2
ID #: 601
The property is located within the community of Kokkinotrimithia, approximately 3km from the center of the community and 90 meters south of the highway Nicosia – Troodos, 57,5km from Larnaca’s International Airport, 14km from Nicosia’s city centre, 90km from Limassol and Ayia Napa / Protaras. Total land area 48,221 sq.m – 35,133 freehold land & 13,088 leasehold land. The property is a unique Commercial Buildings Complex of open-air format 11,522m² indoor areas, currently set up as: Retail 9,516m² : q 42 shops (of which 5 are large stores) q 1 large store of 1,400 sq.m Food & Beverages 1,306m² : q 8 F&B places Entertainment: q Fun Park – featuring 700 sq.m of indoor facilities Parking Spaces: q 466 parking spaces available – included is 13,088 sq.m 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: q Renting vacant space for existing use or many other uses (education, medical, entertainment etc) q Optimizing energy supply and consumption with solar energy, expanding laterally in adjacent available land q Unique location in the center of Cyprus and easy access q Available allowable density to build further c7,000 sq.m The property with plot number 671 lies within combination of Planning Zones B1 (INDUSTRIAL) at a ratio of 90% with a maximum building ratio of 90%, Γ3 (AGRICULTURAL) at a ratio of 1% with a maximum building ratio of 10%, Z1 (PROTECTION) at a ratio of 9% with a maximum building 6% on 2 floors and maximum height of 8.30m. Within the freehold plot number 671, they have erected all the building facilities of the project. EPC: Energy Class B
All urban features must be checked with the proper authorities. The Offerer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and/ or be satisfied on the accuracy of the details of the Property. In case of disagreement, it is the sole responsibility of the Offerer to provide relevant evidence to satisfy Alpha Real Estate Services. The Terms of Use found on the Offer Form must be carefully considered prior to submitting an Offer. Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. The above price may be modified without any prior notice All information received from Alpha Real Estate Services (through the website and/ or its employees and/ or otherwise) is indicative and no guarantee is given for its completeness and/ or validity.
THE CLOSING TIME FOR OFFER SUBMISSION IS 11:00 AM EVERY THIRD WEDNESDAY OF EVERY MONTH, UNLESS OTHERWISE SPECIFIED
* The sales transaction may be subject to VAT
Sheet/Plan
0/2-221-391
Parcel Number
671
Registration No
0/18522
Share
100%
Closed Area
11522m2
Open Parking Spaces
466
Deed
Yes
