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Industrial Building for sale in Pallouriotissa, Nicosia

Pallouriotissa, Nicosia, Cyprus
Industrial Building for sale in Pallouriotissa, Nicosia 222 Pallouriotissa
Offers in the region of
2900000 €2,900,000  ($3,120,884)
Industrial Building
Pallouriotissa, Nicosia
Offers in the region of

€2,900,000  ($3,120,884)

Bank Owned Property

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Compared currency flag Pay in USD and save up to $109,231

Average Bank Rate (€2,900,000)
1 USD = 0.8978 EUR
$3,230,115

Mid-market rate (€2,900,000)
1 USD = 0.9292 EUR
$3,120,884

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: 1113782 (altia1108)
  • Total covered area: 5820 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

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
€5,708 ($6,142)
If buying on joint names
€5,708 ($6,142)
Transfer fees
If buying as an individual
€112,600 ($121,176)
If buying on joint names
€109,200 ($117,517)

Disclaimer - Property reference 1113782. 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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