£406,648

€480,000

Retail premises for sale
Larnaca, Larnaca, Cyprus

    • 2 baths

Added on 01/03/2024

About this property

    New Off-Plan Commercial Shop & Mezzanine for Sale in Larnaca City Center

    Situated in the heart of Larnaca within the New Mall area, widely considered the city's premier shopping and entertainment center, offering a strategic location that easily attracts international investors and provides effortless access to key destinations across Cyprus.

    Estimated Delivery – tbc
    Price is subject to VAT. Standard VAT in Cyprus is 19%.

    Property Features:
    Floor Level – Ground floor (in a new multi-story commercial project featuring offices and shops)
    Bathrooms – 2
    Kitchenette – 1
    Shop Area – 95 m2
    Mezzanine Area – 47.5 m2
    Common Area – 12.25 m2
    Total Area – 188.75 m2
    Covered parking - tbc
    Storage – 2 storage units
    Energy Efficiency – Energy Rating A

    Specifications & Technical Details:
    Structure & Architecture – Seismic concrete structure built according to Eurocodes (EC2 & EC8) and Cyprus National Annexes, featuring external walls with thermal insulation systems (sto or knauf) with final organic coatings, 25 cm thick dividing walls rendered with a minimum of three layers of plaster, and high-performance exterior coating.
    Aluminium & Windows – Double-glazed thermally insulated aluminium frames conforming to approved architectural views, and an aluminum lobby entrance door with a glass panel.
    Mechanical Systems – Otis lift system, hydraulic collector water system with valves and multilayer piping, PVC sewage and drainage lines, an individual solar water heating system coupled with electrical connection and a dedicated water tank, and provisions for a split-system air conditioning and heating installation.
    Electrical Systems – Compliant with Cyprus legislation standards featuring European standard switches and sockets, heavy-duty panel boards and circuit breakers by LeGrand, hager, or equivalent, a European full-coloured screen video intercom system with access control for the building entrance, and provisions for electrical blinds.
    Flooring & Finishes – Ceramic flooring in the lobby, staircase, living areas, and kitchen; laminated parquet flooring in bedrooms; non-slip ceramic flooring on balconies and terraces; ceramic tiles on bathroom floors and walls; stamped concrete in parking areas; indoor acrylic emulsion paint over stabilizer.
    Doors & Joinery – Fire-rated melamine apartment entry door, high-quality acrylic internal doors, melamine wardrobes and cupboards with acrylic doors and shelving.
    Kitchenette – High-quality acrylic kitchen cabinets and melamine shelves with soft-closing mechanisms for all drawers and cabinets, white techno-granite worktops and countertops, and a stainless steel kitchen sink by franke, blanco, or equivalent.
    Sanitary Ware & Fixtures – laufen suspended hanging toilets with grohe wall-encased cisterns, alongside grohe brand faucets and mixers.

    Project & Investment Highlights:
    A modern commercial development positioned in a high-footfall retail and entertainment hub, designed specifically for strong commercial investment potential, high rental yield prospects, and excellent connectivity to major transport links and city center amenities.

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