FOR SALE - €2,880,000 NO VAT - REF. NO. RM15691

The property is an industrial warehouse in the Engomi area of Nicosia with a total built area of 2.280 sqm and land area of 4.850 sqm.

The property consists of a building with reception and office areas, storage, filing and server rooms (with an area over 2 floors of 1.825 sqm), a car-paint garage (245 sqm) and a service garage (210 sqm).

The property is located in a well organised industrial/commercial area in Engomi and it enjoys good access to the main traffic routes nearby. It is located between two main avenues, Kyriakou Matsi and Griva Digeni, which connect the area to the city centre and the routes leading to the motorway. The area surrounding the building is fully paved and is used as a parking and car wash area.

The asset is currently leased with further details available upon application.

The immediate area is fully developed with numerous industrial buildings and other mixed commercial use buildings such as showrooms and offices.

There are many large commercial buildings along Griva Digeni Avenue including the Alpha Mega supermarket and the Hilton Park Hotel.

Owner : SPACOUS PROPERTIES LTD

The asset falls within the Special Area Planning Zone EΠ2, with a building density coefficient of 120%, coverage coefficient 50%, over 3 floors and 13.5m height.

The planning zone allows for conversion to high end office space and high technology developments with the possibility for additional building density being granted by up to 10% extra. 

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