Commercial Buildings Complex/Nicosia
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
Main information
- Region Nicosia
- District Suburb
- Location Suburb
- Sale price On request
Details
- Area 11522 m2
- Plot size 48221 m2
Features
- Parking