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Commercial mixed-use development in Anavargos, Paphos

Ref No: 8599

€ 3,950,000

Description

The property is a commercial mixed-use development in Anavargos. It is located 350m from Tassou Papadopoulou avenue and 300m from Paphos General Hospital.

It is built on four plots with a total land area of 2,599sqm. The property consists of two buildings namely 'Fikardos 1' & 'Fikardos 2'.

'Fikardos 1' comprises:
• Ground floor shop 1: 320sqm (tenanted)
• Ground floor shop 2: 220sqm (vacant)
• Office space on the first floor: 560sqm (vacant)

'Fikardos 2' comprises:
• Ground floor shop: 570sqm plus 355sqm mezzanine (tenanted)
• Office space on the first floor: 640sqm (tenanted)
• Office space on the second floor: 182sqm (tenanted)

Both buildings 'Fikardos 1 & 2' have basements used by the tenants as storages and car park. The property also offers a large ground floor parking area in front of Fikardos 1 building.

The property is partially occupied by governmental services and private companies offering high steady yield.

Main Features

VAT
No
Occupancy Status
Partly Occupied
Status
For sale

Other Features

Land Registry

District
Paphos
Community
Paphos Municipality
Quarter
Anavargos
Reg. No.
0/4330, 0/4289, 0/4288, 0/4287
Sheet/Plan
1-1490-3510
Parcel
646, 643, 645, 644
Zone
ΕΒ

Areas

Covered Area
2,492 m2
Total area
2,847 m2
Land area
2,599 m2
Mezzanine area
355 m2

Further Features

EPC
Energy Class C
Year of construction
2000

Town Planning

Town planning zone
Commercial
Building density
100 %
Coverage ratio
50 %
Max floors
2
Max height
10 m

Legal disclaimer

The asset was repossessed by Gordian Holdings Limited via auction pursuant to Part VIA of the Immovable Property (Transfer and Mortgage) Law of 1965 (L. 9/1965). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). We recommend that you seek independent advice regarding any applicable transfer fees.

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