Warehouse for sale in Nicosia Municipality, Nicosia

Industrial warehouse situated in the industrial area of Kaimakli, one of the most promising industrial areas of Nicosia, with great mobility and a long-standing high demand for warehouses.It is located on Kolokotroni street, approx. 280 meters west of Agiou Ilarionos avenue and 750 meters south of Bata roundabout. It is situated close to all necessary amenities and services. In addition, it is in a close proximity to similar facilities and industrial warehouses belonging to various companies.The property was constructed in around 1993 and had secured the necessary Building Permit as workshops and warehouse. It consists of three separate workshops with mezzanine and loading / unloading bays with ancillary areas including office spaces and WCs. The property has the following areas:Ground floor: 1,248 sqm (Including office space)Mezzanine: 132 sqmOffice spaces: 104 sqmIt is an excellent investment opportunity as the property is rented by four different tenants with a total income of €4,200/month and a total yield of 7.2%.  THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. Tenders submitted for an Amount below the Reserve Price shall be rejected. The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. District: Nicosia Municipality: Nicosia Municipality Quarter: Kaimakli