properties@astrobank.com 22575873
BACK TO RESULTS

Commercial Buildings Complex at Kokkinotrimithia, NICOSIA

Property Code: PIR726

POA

  • Property Characteristics

  • Planning Zone

  • Other Characteristics

48,221 Sq. M.

Description

The property is a unique Commercial Buildings Complex of open air format situated in Nicosia, with broader catchment area across all of Cyprus. 

Located within the community of Kokkinotrimithia, 3km from the center of the community and 90 meters south of the highway Nicosia – Troodos.

  • 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 

  • 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

MARTISIO LTD

Plot: 671
Planning Zone: B1
Plan Sheet: 0/2-221-391
Coverage Ratio: 50%
Height: 8,30
BlockTitle: 0
Registration Number: 0/18522
Number of Floors: 2
Building Ratio: 90%

Legal Characteristics

The property lies at a ratio of 90% within Planning Zone B1 (INDUSTRIAL) with a maximum building ratio of 90%, coverage ratio of 50%, lies at a ratio of 1% within planning zone Γ3 (AGRICULTURAL) with a maximum building ratio of 10%, coverage ratio of 50% and lies at a ratio of 9% within pLanning Zone Z1 (PROTECTION) with a maximum building of 6%  and maximum coverage ratio of 6%.

I AM INTERESTED