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Industrial Building
Pallouriotissa, Nicosia
Offers in the region of

€2,900,000  ($3,367,813)

SOLD
Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!

Key features

  • Listing ID: 1113782 (altia1108)
  • Total covered area: 5820 sqm
  • Plot: 8726 sqm

Description

Three adjacent industrial plots with two buildings are located within the industrial area of Kaimakli, Nicosia, about 500 meters northwest of the SOPAZ roundabout.
The building on the first parcel (6/970) is divided into a ground floor of approximately 1.570 sq.m. and a semi-basement of approximately 1.545 sq.m., in total 3.115 sq.m., approximately 175 sq.m. of uncovered verandas and land area of approximately 3.113 sq.m.
The ground floor of two levels, consists of an open plan exhibition area and a mezzanine used as storage space. The second level is comprised of offices, storage rooms, a kitchen, production control room, production area and an uncovered veranda. The lower level consists of a workshop area, refrigerator room, storage area, toilets, locker rooms and an EAC substation. ​Externally there is an office room of approximately 25 sq.m.

The building on the second and third parcels (6/1045 and 6/941) is divided into a ground floor and a semi-basement of approximately 1.360 sq.m. respectively, 3.115 sq.m. in total, and land area of approximately 5.613 sq.m. combined.
The ground floor consists of three storage areas and office rooms.
The semi-basement consists of storage areas, two refrigerator rooms and a boiler room.
Externally there is an office room of approximately 25 sq.m.

The property consists of:
Plot with registration number 6/1045, extending to approximately 2.788 sq.m. in total.
Plot with registration number 6/941, extending to approximately 2.825 sq.m. in total.
Plot with registration number 6/970, extending to approximately 3.113 sq.m. in total.
All the properties fall within Zones Βα1 and ΒΕ3 with a building coefficient of 160%, coverage of 50%, and permission for 4 floors.
Moreover, the plots fall within special zone ΕΠ6 which allow, apart from industrial and warehousing developments, the construction of other commercial developments such as business offices, hyperstores, showrooms and exhibition areas for items with an increased volume or that require the storage of large quantities of product i.e. DIY stores, furniture, electrical appliances etc. car showrooms.
Additionally, ΕΠ6 special zone allows the development of leisure facilities such as cinema, as well as schools student nests and other, subject to acquiring the necessary permits.

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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€112,600 ($130,764)
If buying on joint names
€109,200 ($126,816)

Disclaimer - Property reference 1113782. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.