Industrial Building for sale in Strovolos, Nicosia

Leasehold building situated in Strovolos Industrial area (Apostolos Varnavas & Agios Makarios quarter) Nicosia.
The property was previously used as a confectionery factory and consists of the administration building (western part), the main factory area (central part) and storage and preparation area (eastern part).
The administrative buildings (western part) ground floor consists of a reception area with living room, two offices, storage room, guests' toilet and men's and women's changing rooms with showers and toilets.
The mezzanine consists of a packing area and a storage room. Access to the mezzanine is achieved through an internal staircase and through an external staircase metal ladder.
The main factory (central part)consists of an open plan area.
The storage and preparation building (eastern part) on the ground floor consist of an open plan production area, four (4) refrigerators area, kitchen with
dining room, four (4) warehouses and another open plan area.
The mezzanine consists of one (1) refrigerator area and single storage space and it is approximately 495 sq.m.
The current lease term expires on 30/04/2045 and there is an option to renew for a further 33 years, i.e. until 2078
The asset abuts with Propontidos street No.4 and is located approximatey 4km from Strovolos Industrial Area, and approximatey 4.8km from Strovolos community centre.

The property falls within Zone Ββ1, with a building coefficient of 100%, coverage of 60%, and permission for 2 floors of construction.

The property is subject to a partial vat treatment which the land value will be subject to 19% vat and the rest of the sale price will be subject to transfer fees.