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Pay in USD and save up to $107,279The property concerns a two-storey industrial building located in Panagia quarter, Nicosia Municipality.
The property used to house a printing factory and consists of a ground floor of c. 2,292sqm for use as a production and storage area, and a first floor (c. 639sqm) for use as an office and auxiliary space.
The immediate area of the asset is a fully developed area with numerous industrial buildings and warehouses as well as some factories, showrooms and offices of average to good quality.
The asset benefits from easy access to all the areas of Nicosia. The Sopaz industrial area is the closest industrial area to Nicosia city centre.
The area is characterised as Special zone area as per the latest Nicosia Local Plan, allowing for commercial use such as. showrooms, galleries, DIY, hypermarkets, cinemas, student halls etc.
The property is zoned as ΕΠ6 (special use) with 160% building density, 50% coverage and a maximum of 4 floors.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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