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This asset is a leasehold industrial building in the Strovolos industrial area, Nicosia.
The asset is located 100m west of the Nicosia - Limassol motorway at the entrance of Nicosia and 4km from Nicosia city center.
The asset comprises of two main units. The first unit is an industrial warehouse of c. 1,300sqm with 9m height. The second unit is a warehouse of 1000sqm and with a basement of 400sqm.
The immediate area of the property is a well developed industrial area with easy access to the motorway.
The asset falls within industrial planning zone Bβ1, with building density coefficient of 100%, coverage coefficient 60% and 2 floors.
Owner: Folimo Properties Ltd
Lease expires 30/04/2045.
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 asset is a leasehold industrial building in the Strovolos industrial area, Nicosia.
The asset is located 100m west of the Nicosia - Limassol motorway at the entrance of Nicosia and 4km from Nicosia city center.
The asset comprises of two main units. The first unit is an industrial warehouse of c. 1,300sqm with 9m height. The second unit is a warehouse of 1000sqm and with a basement of 400sqm.
The immediate area of the property is a well developed industrial area with easy access to the motorway.
The asset falls within industrial planning zone Bβ1, with building density coefficient of 100%, coverage coefficient 60% and 2 floors.
Owner: Folimo Properties Ltd
Lease expires 30/04/2045.
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
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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