The property is a 5-storey mixed-use office and retail building with basement, erected
upon a land plot of 175 sq m. The plot has one aspect on the street at a frontage length
of 12.50 m. (as per contract no. 2060/19-02-1996 titled “Selling deed of properties”).
According to the information provided (i.e. the floor plans dated December 1992), the area
and the use of each level is as follows:
LEVEL USE AREA (m 2 )
Basement Mechanical
equipment/storage area 102.47
Ground floor Retail unit 102.47
1 st floor Offices 102.47
2 nd floor Offices 102.47
3 rd floor Offices 102.47
4 th floor Offices 102.47
5 th floor Apartment 102.47
TOTAL 717.29
The above areas do not include common areas, namely the main staircase and the
elevator.
The building is of reinforced concrete construction, and was completed in 1998. The façade
is distinctive architecturally insofar as it is made up of white marble and glass. The external
cladding is of aluminum design and features glazed windows that provide protection from
the sun.
Access to all offices is achieved through the main elevator and the main staircase. Each
floor consists of a reception area, offices and WC.
The ground floor is arranged as an open plan area, with a WC, and an indoor staircase
leading to part of the basement (i.e. the storage of the retail space). The flooring is wood
with marble detailing, and all restrooms are finished in tile and marble.
Each of the upper floors forms one office unit, and includes a WC and a small kitchen.
The flooring is ceramic tile in all offices. The 5 th Floor divided by a better construction quality,
with wood floors and a loft with bathroom.
The property is served by an independent climate control system. Furthermore the building
has an integrated alarm system and a secure keypad entry-system.
Overall, the property is in a reasonable state of repair having regard to its age and the nature
of its use. However poor maintenance resulting in the aforementioned damp and minor
dilapidations is a concern, and is not helped by the fact that the building has been vacant for
more than seven years. Another significant issue that will affect value is the lack of parking.
SERVICES
The property is fully serviced for electricity, water, sewage.
