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Building, warehouse, resale

Nicosia, Strovolos - Chryseleousa
Posted: 13.04.2024 21:45 Ad ID: 5157034
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  • Reference number: 10056
  • Area: 6425 m²
  • Type: Storage, warehouses
  • Condition: Resale
  • Plot area: 7584 m²
  • Online viewing: Yes
  • Construction year: Older
  • Energy Efficiency: In Progress
  • Square meter price: €389 /m²
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The warehouse, which currently consists of a showroom, offices, production area, warehouse and kitchen while is situated in a parcel of 7,584m². A loading deck is also available. The leasehold agreement between the Ministry of Commerce is valid for 33 years with an expiry date of the 29th of April 2045 with an option for renewal for another 33 years. The asset is currently vacant. The immediate area is characterized by factories and warehouses.

Building phases:

Phase 1: Showroom, offices, production area, warehouse and kitchen. Ground Floor area: 1800m²,

Mezzanine: 1150m².

Phase 2: Production area and warehouse. Ground Floor area: 750m², Mezzanine 715m².

Phase 3: Offices, storage room and a small light industrial space. Ground Floor area: 930m²,

Mezzanine: 150m², Semi-basement 930m².

Ground rent to the government: €6049 per year to the Ministry of Energy.

The property belongs to an SPV (Special Purpose Vehicle), therefore no VAT is chargeable in case of purchase of the SPV.

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€2.500.000
€389/m²
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