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The property is an industrial warehouse located within the industrial zone of Dali in Nicosia. The asset is adjacent to B1 (old Nicosia–Limassol Street) on its south-western boundary, just opposite JCC facilities and at a distance of 700 meters east of the Nicosia – Limassol motorway. The property comprises of six adjacent plots on which there is a warehouse building with a total covered area circa 7,867sqm. The building consists of offices with auxiliary spaces of 1,623sqm and a warehouse space with chillers of 6,244sqm. The building is in very good physical condition. The warehouse offers 9 handling/loading electric doors/platforms and 28 parking places. The immediate area consists mostly of small to medium size industrial properties with some oversized factories and warehouses. The wider area is well developed mostly with industrial buildings. The property enjoys good accessibility to the surrounding areas and cities due to its close proximity to the Nicosia – Limassol motorway and other major roads. It is in very close proximity to the A1 motorway. The property falls within the industrial planning zone Βα3 with building density coefficient of 100% and a coverage coefficient of 60% over 2 floors. Due to the fact that the warehouse is currently leased and is an income producing asset, it presents an immediate investment opportunity. It is noted that the ownership of the assets with registration numbers 8/560, 0/2722 and 8/542 is 50% share and the ownership of the assets with registration numbers 8/683, 8/684 and 8/627 is 100% share. As a result the warehouse under sale is located on the south part of the unified property. All urban features must be checked with the proper authorities. The Seller 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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