Warehouse for sale in Dali, Nicosia

Location:
• Situated within the popular Dali municipality of Nicosia district, 3km approximately from the Nicosia-Limassol highway (A1), offering convenient access to both the highway and the city of Nicosia.
• Surrounded by empty land and various industrial buildings, the property resides in one of Cyprus's most sought-after industrial areas, offering a favorable business environment.
• Property Highlights: The parcel boasts a regular shape with a generous road frontage of approximately 45 meters. It is affected by the road widening scheme and water pipes, totaling an area of approximately 936sqm.
• Featuring an industrial building constructed around 2010, comprising a ground floor metal frame warehouse (approx. 730sqm) utilized as a factory, and a basement reinforced concrete storage area (approx. 550sqm).
• Rental Income: Generating a combined monthly rental income of €3,500, with the warehouse rented at €2,500/month and the basement at €1,000/month, providing a high yield of 13%.
• Future Potential: Possessing a Building Permit for a ground floor house (468sqm) and a basement/covered parking space (137sqm), offering potential for further development or conversion.
• Zoning and Density: Falls within Agricultural Zone Ga4 (92%) with a building density coefficient of 10%, supplemented by Zone AZ (8%).
• Expansive Land Area: Encompasses a substantial land area of approximately 6,090sqm, providing ample space for current and future business endeavors.
• Enjoying easy accessibility to major transportation routes including the Nicosia-Limassol highway, ports, and airports, enhancing logistical convenience for businesses.