Commercial Buildings Complex KOKKINOTRIMITHIA, NICOSIA - land area 48,221m2 – building area 11,522m2

The 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 places

Entertainment: ❑ Fun Park – featuring 700m2 of indoor facilities

Parking 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.m2

Total land area 35,133m2

freehold  13,088m2

leasehold parking area

48,221m2 Total land area

11,522m – built area

466 parking spaces

PROPERTY 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