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Warehouse with title deed, with built area of 1,600 sqrm, area 3,150 sqrm, in the area of Strovolos within Nicosia district. The Energy Efficiency Class of the building is C. The Warehouse was constructed in 2000. The plot characteristics are: within planning zone Ba 3 BE1, has a build coefficient of 100.000% with covered coefficient of 50.00%, and maximum number of floors 2. Other characteristics of Warehouse: electricity, telephone, water connection. Τhe plot area is 3,150 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 1,550 sqrm. Zone: Mixed industrial zone B and economic use. The type of road leading to the property is highway/motorway. The investment is € 1,153 per covered square meter. If you also take into account that you also get a plot 3,150 sqrm then you can better understand the value. It appears that there is 49% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 1,550 sqrm of extra build opportunity for you. Please ask for more information on this. The property has no VAT tax. This Warehouse has title deed ready. The asset consists of a 580sqm showroom with a mezzanine of 130sqm used as office space and a warehouse of 890sqm.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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