Shop for sale in Frenaros, Famagusta

The property contains three adjacent residential zoned land parcels containing a supermarket, a warehouse and a parking area located in the Frenaros Community in Famagusta. The asset is adjacent to a public green area and Giasoumi Kile Street on its northern boundary and to Dionisiou Solomou Street on its eastern boundary 350m northwest of the Archangel Michael Church and 750m north of the Frenaros Municipal Hall. The property is leased to a known supermarket company. Further details are available upon request. The supermarket comprises circa 550 sqm on the ground floor and circa 25 sqm of mezzanine used as storage space. The building within the parcel with Reg. No. 0/2489 is used as office space and warehouse. The property has frontage of circa 18m along Giasoumi Kile Street. The immediate area is considered to be mainly residential with some commercial properties along Giasoumi Kile Street, whereas in the wider area large parcels of undeveloped land can be observed. The supermarket’s catchment area includes four surrounding villages (Frenaros, Sotira, Derinia and Liopetri). The asset enjoys good accessibility to the surrounding areas. The plot is zoned H2 (residential) with 90% building density, 50% coverage, 2 floors and a maximum height of 8,3m. Reg. No. : 0/4950, 0/4660, 0/2489 EPC: Energy Class D All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.