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Warehouse for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
Warehouse for sale in Nicosia Municipality, Nicosia 518 Nicosia Municipality
Offers in the region of
330000 €330,000 ($359,355)
Nicosia Municipality, Nicosia
Offers in the region of
€330,000  ($359,355)
Bank Owned Property
BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $12,577

Average Bank Rate (€330,000)
1 USD = 0.8873 EUR

Mid-market rate (€330,000)
1 USD = 0.9183 EUR

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: 967419
  • Total covered area: 405 sqm
  • Plot: 2644 sqm
  • Resale built in 1993


TENDER SUBMISSION DEADLINE: TUESDAY 3 JANUARY, 10:00 a.m. Industrial warehouse situated in the industrial area of Kaimakli, one of the most promising industrial areas of Nicosia, with great mobility and a long-standing high demand for warehouses.It is located on Kolokotroni street, approx. 280 meters west of Agiou Ilarionos avenue and 750 meters south of Bata roundabout. It is situated close to all necessary amenities and services. In addition, it is in a close proximity to similar facilities and industrial warehouses belonging to various companies.The warehouse which is located on the western part of the plot, was constructed in around 1993 and had secured the necessary Building Permit as workshop and warehouse. It consists of an open plan workshop with a mezzanine level, loading / unloading bays and ancillary areas including office spaces and WCs.The property has an area of 405 sqm (approx.), plus 140 sqm mezzanine & ancillary areas.It is an excellent investment opportunity as the property is rented by two different tenants with a total income of €1,400/month and a total yield of 7.3%. THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. District: Nicosia Municipality: Nicosia Municipality Quarter: Kaimakli

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Buying expenses

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.

Stamp Duties
If buying as an individual
€568 ($618)
If buying on joint names
€568 ($618)
Transfer fees
If buying as an individual
€9,800 ($10,672)
If buying on joint names
€6,550 ($7,133)

Disclaimer - Property reference 967419. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and has no control over the content. This property advertisement does not constitute property particulars.

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