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Industrial Building
Kokkinotrimithia, Nicosia
Offers in the region of

€395,000  ($451,287)

VAT Applicable not included in the price
SOLD
Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

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Compared currency flag Pay in USD and save up to $15,795

Average Bank Rate (€395,000)
1 USD = 0.8457 EUR
$467,082

Mid-market rate (€395,000)
1 USD = 0.8753 EUR
$451,287

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1057009 (altia310)
  • Total covered area: 1610 sqm
  • Plot: 2745 sqm
  • Built year: 1997

Description

Located in the well-established Kokkinotrimithia industrial area, this incomplete light industrial property offers excellent accessibility and is close to the Mall of Nicosia.
The property includes an auxiliary area featuring comprehensive facilities such as male, female, and accessible restrooms with changing rooms, a staff kitchen, a reception area, office spaces, and additional toilets with showers—designed to support a variety of light industrial or commercial operations.
The property is held under a leasehold agreement with a term of 33 years, commencing on 6th July 2009 and expiring on 5th July 2042.
There is an option to renew the lease for up to 99 years, extending the term until 5th July 2108.
This is a great opportunity for investors or businesses seeking a customizable space in a strategic location with long-term leasehold potential.

The warehouse is under a Government Sub-Lease Agreement until 6/7/2041 ( with two renewal options until 6/7/2074 and 5/7/2108) , with an annual ground rent of €15,875.

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Disclaimer - Property reference 1057009. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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