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Mixed-use building in Aglantzia, Nicosia

Ref No: 7947

€ 3,700,000

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 Aluminum Tower and is located 1.5km from the city center.

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.

Owner: Beretse Limited (Gordian SPV)

Main Features

VAT
No
Occupied
Yes
Status
For sale

Other Features

Land Registry

District
Nicosia
Community
Aglantzia Municipality
Reg. No.
2/1795
Sheet/Plan
21/55W2
Parcel
1727
Zone
Εβ3

Areas

Covered Area
936 m2
Total area
1,204 m2
Land area
1,236 m2
Ground floor area
550 m2
Mezzanine area
268 m2

Further Features

EPC
Energy Class D
Year of construction
1978

Town Planning

Town planning zone
Commercial
Building density
160 %
Coverage ratio
50 %
Max floors
6
Max height
24 m

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.

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