Mixed-use building in Aglantzia, Nicosia

Ref No: 7947
€ 2,400,000

Description

The asset is a two storey mixed-use building known as 'Wights Tower' in Aglantzia. It owns a prime location with high visibility on Limassol Avenue. It is adjacent to the Aluminium Tower and is located 1.5km from the city center.

The building has a total covered area of 1,204sqm. The ground floor consists of three retail units with a total area of 550sqm and 268sqm mezzanine. The first floor consists of an apartment of 134sqm (currently used as part of a gym) and a vacant office area of 252sqm. The building also benefits from a basement parking area.

A Planning Permit has been submitted for a mixed-use building. The planning permit includes:
- Ground Floor: Two spacious shops/showrooms/offices offering flexibility for retail or office use, along with a convenient mezzanine level.
- First/ Second / Third / Fourth Floor: Office spaces, office areas with an open-plan area, conference rooms, kitchen facilities, and verandas.
- Basement: Parking spaces and additional storage rooms.

Energy Performance Classifications for the shops: Energy Class C
Energy Performance Classifications for the Gym: Energy Class D
Energy Performance Classifications for the restaurant: Energy Class D

The property is owned by Beretse Limited, an SPV, wholly owned by Gordian Holdings Ltd.

Main Features

Land area
1,236 m2
Occupancy Status
Partly Occupied
Covered Area
1,204 m2
Parking
Town planning zone
Commercial
Building density
160 %
Coverage ratio
50 %
Max floors
6
District
Nicosia
Municipality/Community
Nicosia Municipality, Aglantzia
Reg. No.
2/1795
Year of construction
1978