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Mixed Use Building in Sotira, Famagusta

  • Lot 23
  • Cyprus
  • Mixed Use
  • Commercial

Reserve €395.000

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Property Summary

  • Property in Sotira Municipality, Famagusta, that includes :
    • Parcel extending to approx. 3,922 sq. m. 
    • Physiotherapy studio extending to approx.169 sq.m.
    • Warehouse (storage units) extending to approx. 203 sq.m.
    • Obsolete ground floor house
  • Partly Tenanted.

Contact Us

Victoria Georgiou
Victoria Georgiou
Property Agent, here to help.

Contact Us

Victoria Georgiou
Victoria Georgiou
Property Agent, here to help.

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Property description

  • Property in Sotira Municipality, Famagusta, that includes :
    • Parcel extending to approx. 3,922 sq. m. According to the Local Plan, the subject parcel will abut with the main bicycle/pedestrian road network, which is yet to be constructed.
    • Ground Physiotherapy studio extending to approx.169 sq.m. It consists of an entrance area, two separated offices, a small treatment room, a kitchenette, two wc's and an open exercrise/therapy room.
    • Warehouse (storage units) extending to approx. 203 sq.m.
    • Obsolete ground floor house
  • Partly Tenanted(physiotherapy studio)
  • The building was constructed approx. in 1991.
  • The flat on the 1st floor has been sold (SPA Lodged at the LRO). 100% share of the property will be tranferred to the successful bidder, i.e. the free part (the ground floor building and the remaining land) and the part that will continue to be burdened by the currently lodged SPA (first floor flat).

Location

  • The property is located in Sotiras Municipality, Famagusta District under Land Reg. No. 0/1830.
  • It has a road frontage on Ammochostou Avenue and is located approx. 350 m. from the Paralimni Lake.  
  • The wider area of the property consists mostly of residential development such as houses and vacant parcels of land.

Tenancy

  • Physiotherpy studio Tenanted from 01/07/2021 - 31/07/2026 for € 500/month.

Zoning

  • The property falls within the Residential Zone (Κα6) which allows for 90% building density, 50% building coverage, 2 floor and up to 10 meters height.

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:

  • We are informed that the physiotherapy studio extends to approx. 169 sq.m. and the warehouse (storage units) extends to approx. 203 sq.m.
  • Interested parties are advised to undertake their own inquiries to confirm property measurements.

VAT

VAT not applicable - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT.

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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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