Retail Unit in a Mixed Use Development,located in Paralimni, Famagusta

The asset is a retail unit, formerly a pub, located on Protaras Avenue in Paralimni, Famagusta. This asset includes seven designated uncovered parking spaces and features a covered area of 147 square meters, a 173 square meter uncovered balcony, and a 45 square meter mezzanine. All these areas are fully covered by the relevant permits and are documented in the Title Deed. The asset has a separate Title Deed.

The retail unit is part of a mixed-use development consisting of seven complexes, which together comprise 13 shops, 2 restaurants, and 137 apartments. The unit itself features a veranda with a pergola, an open-plan ground floor space, a mezzanine, a storage room, and restroom facilities.
The asset is located in Protaras avenue 249, it is located approximately 300m west from Agias Triadas roundabout and approx. 1klm east from Paralimni.

The property falls within a duel Zone Κα8 (46%), with a building coefficient of 60%, coverage of 35%, and permission for 2 floors (10m) of construction and Zone Εβ7(54%) , with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction.

Energy Category: E