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Pay in USD and save up to $694,495The property is situated in a highly commercial area near My Mall and Hard Rock Casino, approximately 300m to the west. The growing popularity of this location is attributed to its proximity to the seaport, mall, and casino, resulting in a significant influx of traffic throughout the day. This makes the property particularly attractive for retail and other commercial purposes. The broader vicinity consists of smaller commercial and residential units.
The asset itself is a substantial commercial building covering 9,485 sqm on a 6,487 sqm plot of land. It has a diverse clientele with a high profile, maintaining consistently high occupancy levels over the years. The building comprises retail spaces on the ground floor, office spaces on the 1st and 2nd floors (totaling 5,775 sqm), and a 755 sqm mezzanine.
The asset has 1,100 sqm additional residential building coefficient which can be utilized on the back side.
Additionally, there is an underground retail area of 2,955 sqm, along with parking slots on the backside spanning both underground and ground levels, providing ample space for employees and visitors.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 8086029. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.
