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Building
Kokkinotrimithia, Nicosia

€10,500,000  ($11,961,722)

Premier Property Investments

Premier Property Investments

License No. 445/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $418,660

Average Bank Rate (€10,500,000)
1 USD = 0.8481 EUR
$12,380,383

Mid-market rate (€10,500,000)
1 USD = 0.8778 EUR
$11,961,722

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 8875277 (7505)

Description

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.mThe 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.

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€416,600 ($474,596)
If buying on joint names
€413,200 ($470,722)

Disclaimer - Property reference 8875277. 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.

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