Commercial building to rent in Nicosia

Commercial Buildings Complex KOKKINOTRIMITHIA, NICOSIA - land area 48,221m2 – building area 11,522m2The 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 placesEntertainment: Fun Park – featuring 700m2 of indoor facilitiesParking 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.m2Total land area 35,133m2freehold 13,088m2leasehold parking area48,221m2 Total land area11,522m – built area466 parking spacesPROPERTY 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