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Mixed use Building in Strovolos, Nicosia


Strovolos, Nicosia

REF: B-67582
€34,000,000
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Property for Sale in Nicosia, Strovolos, Cyprus

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Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Mixed use
  • Location: Nicosia, Strovolos, Cyprus
  • Price: €34,000,000
  • VAT: N/A
  • Loan Installment: €166,657

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €34,000,000
Own Contribution (30%): €10,200,000
Loan Amount (70%): €23,800,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 28 Years
  • Property Floor: 3
  • Reference: B-67582
  • Energy Efficiency Certificate: In Progress

Property Description

This 3 storey shopping centre has a total area of 59.437 sqm (over basement, ground floor, mezzanine and first floors), located in Strovolos, Nicosia. The property has been built on 2 plots. A total of 1.126 parking spaces are provided with 516 parking places in the basement and 610 on the ground floor together with the customer entrance to the shopping centre and 7 retail units. Access to the mezzanine floor is through the supermarket unit and consists of offices, meeting rooms and employee changing rooms. The first floor is split into 2 areas with a large supermarket unit and a shopping centre area comprised of shops & restaurants. Total Land Area: 43.138 sqmThe property will be sold with a land parcel with total area 160 sqm. A mix of commercial and residential development can be observed along the main Avenue with many showrooms, shops, offices, apartments and houses. The wider area near to the property is mainly developed with houses and apartments and is near the Nicosia–Limassol motorway. Due to its location and its close proximity to main roads, the property benefits from good accessibility to Nicosia city centre and the surrounding areas. All urban features must be checked with the proper authorities.
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Additional Details

Use of building
Commercial

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