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Commercial building - Strovolos, Nicosia

Nicosia - Ref. PR11702

1.670.000

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Location

Property description & location

Three-storey commercial building in an excellent location in Strovolos Municipality. It is located on Strovolou Avenue, at a distance of 300 meters (approx.) north of “METRO” roundabout and 530 meters east of “Jumbo”. The property is ideally situated close to a plethora of amenities and services. In addition, it has excellent access to the city center and the motorway. In general, it is an attractive and lively location as Strovolou avenue is considered one of the most active avenues in Nicosia.

The building  was constructed 20 years ago (approx.), it is in a good state of condition and consists of a ground floor shop with mezzanine level, two upper floors with offices and a basement with parking spaces and two storages. The area of the shop is 475 sqm (approx.), the mezzanine 237 sqm (approx.) and each floor 447 sqm (approx.). The building represents the  ½ share of the parcel and it is located on the northern part of the plot, with land area of 1237 sqm (approx.).

The property is rented with a satisfactory return. It needs to be noted that the property falls within the commercial zone Εβ3 which allows the construction of a six-storey building.

The above price might be subject to VAT.

The closing time for the Submission Period of tenders is 10:00 a.m. on every Tuesday morning, as stated in paragraph 7.10 of the Tender Form and section 4 of the Legal Notice.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted. The above price may be reviewed without any prior notice.

Deadline 25 August 2020

Deadline 25 August 2020


The property is rented


District: Nicosia

Municipality: Strovolos

Quarter: Agios Vasilios

Characteristics

Mezzanine: 237 m2

Year built: 1997

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
0/16818 30/05W2 7 4477
  • Planning zone: Εβ3
  • Building Coefficient: 1,6;1,6
  • Coverage Coefficient: 0,5;0,5
  • Maximum Floors Allowed: 5;6
  • Maximum Building Height: 17,4;20,4 m

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on https://www.altamirarealestate.com.cy/ (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.

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Additional information

Reference

PR11702

Property owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

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