€4,725,000 $5,278,062
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Pay in USD and save up to $184,732Key features
- Listing ID: 829544 (16072)
Description
This commercial asset is very well located in Strovolos, Nicosia at the entrance/exit to the city and surrounding areas.
The field contains a two storey building that was utilized for food preparation and storing area.
The building comprises of (a) a 537sqm basement area utilized as storage space and a staff toilet, changing rooms and a refectory, (b) a 1,768 sqm ground floor utilized as office space, factory space and storage rooms and (c) 420 sqm of office space and engine rooms.
The total built area is 2.725 sqm, however the plot area is 10.683 sqm and the planning zone allows for a larger built area to be erected.
The immediate area consists mainly of hypermarkets (e.g. The Mall of Cyprus, IKEA, Superhome Center, Leroy Merlin) and showrooms.
The asset greatly benefits from its easy access to the motorway (linking Nicosia to Limassol and Larnaca), its proximity to the Nicosia city centre and other well-populated municipalities e.g. Latsia, Geri, Strovolos.
There is considerable demand for large commercial buildings in this growing area of the city.
Owning SPV: Valioco Properties Limited
The property is zoned as Βα3 / BE1 (industrial) with 100% building density, 50% coverage and 2 floors.
EPC: Pending Energy Certificate
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
This commercial asset is very well located in Strovolos, Nicosia at the entrance/exit to the city and surrounding areas.
The field contains a two storey building that was utilized for food preparation and storing area.
The building comprises of (a) a 537sqm basement area utilized as storage space and a staff toilet, changing rooms and a refectory, (b) a 1,768 sqm ground floor utilized as office space, factory space and storage rooms and (c) 420 sqm of office space and engine rooms.
The total built area is 2.725 sqm, however the plot area is 10.683 sqm and the planning zone allows for a larger built area to be erected.
The immediate area consists mainly of hypermarkets (e.g. The Mall of Cyprus, IKEA, Superhome Center, Leroy Merlin) and showrooms.
The asset greatly benefits from its easy access to the motorway (linking Nicosia to Limassol and Larnaca), its proximity to the Nicosia city centre and other well-populated municipalities e.g. Latsia, Geri, Strovolos.
There is considerable demand for large commercial buildings in this growing area of the city.
Owning SPV: Valioco Properties Limited
The property is zoned as Βα3 / BE1 (industrial) with 100% building density, 50% coverage and 2 floors.
EPC: Pending Energy Certificate
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
Buying expenses
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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