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Two restaurants in Protaras-Famagusta, Paralimni

  • Auction
  • Lot 58
  • Cyprus
  • Retail
  • Commercial

Sold for €255.000

Property Summary

  • Two first floor restaurants with storage areas, parking spaces and exclusive right of use of two staircases.
  • Extending to approximately 358 sq. m. internal area, 306 sq. m. of uncovered verandas and 139 sq. m. of storage areas in total.
  • Vacant possession.

Contact Us

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.
Harris Kyriakides LLC
Vendor's Solicitor

Contact Us

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.
Harris Kyriakides LLC
Vendor's Solicitor

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Property description

  • The property consists of two first floor restaurants with no. of units 1 and 2 and are occupying the northwest and southeast borders of the floor, within a complex named ‘Marilena Shopping Complex’.
  • Access to the restaurants is achieved through a stairway on the centre of the building or through two staircases, that the restaurants have exclusive right of use, which are located on the semibasement of the building.
  • Each restaurant consists of an open plan area of restaurant, kitchen, bathrooms and uncovered verandas.
  • Restaurants have views of the seaside.
  • Exclusive right of use of storage are no. 1 with area of 102 sq. m. and storage area no. 14 with area of 37 sq. m.
  • Exclusive right of use of 12 uncovered parking spaces (6 parking spaces each) with no. 23,24,44,45,46,47 and 27,31,40,41,42,43.  
  • The building was constructed at 1995 and consists of semi-basement with storage areas, shops on the ground floor and the two subject restaurants on the first floor.
  • Separate Title Deeds.
  • We are informed that the shop extends to approximately 358 sq. m. internal area, 306 sq. m. of uncovered verandas and 139 sq. m. of storage areas in total. Please see the table below for more details.

Location

  • Located in Protaras area, within Paralimni Municipality, Famagusta District, under Land Reg. No. 0/18667 and 0/18668.
  • The property is situated on Protaras – Kavo Gkreko Avenue, next to Kapetanios Bay hotel, approx. 200 m. west of Protaras Main street and approx. 600 m. north of the seafront.
  • The immediate area is characterised mainly as touristic with numerous hotels, holidays villas and apartments and tourist shops.

Tenancy

  • Vacant Possession.

Accommodation

The property was not internally inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the property provides:

  • Two first floor shops with uncovered verandas and storage areas.
  • Interested parties are recommended to undertake their own inquiries to confirm property/building measurements

Additional Details

Reg. No.

Internal areas (sq. m.)

Uncovered Verandas (sq. m.)

Storage Areas (sq. m.)

0/18667

179

173

102

0/18668

179

133

37

VAT

VAT Not Applicable.

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*Terms & Conditions

Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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