FOR SALE - €5,000,000 NO VAT - REF. NO. RM16034

This well-located two storey commercial building/showroom with a basement has a total built area of 4.433 sqm and is situated in Stovolos, Nicosia.

Located at the entrance/exit of the city, it enjoys good accessibility towards the city centre and the surrounding areas and is adjacent to public roads on its western and eastern boundaries not far from The Mall of Cyprus and IKEA.

The building comprises a basement of 685 sqm for use as storage, a ground floor of 2.200 sqm of which 580 sqm was used as showroom space and 1.620 sqm as storage. The first floor has a total area of 1.335 sqm and consists of offices, showrooms, server room and other auxiliary areas.

The building has been equipped with a VRV heating/ cooling system, CCTV system, security alarm, fire prevention system and smoke detectors.

The immediate area mainly consists of medium to large industrial developments and in the wider area there has been an increase in commercial developments.

The building has been constructed with good quality materials and is in good physical condition and maintenance.

Given the flexible layout of the asset, it can be rather easily altered for other uses.

The property is zoned as Bα3 (commercial) with 100% building density, 60% coverage and 2 floors.

Owner: Venicous Properties Ltd

All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.