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Industrial Plot 3995 m²

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Nicosia, Ergates

Posted: Yesterday 16:43 Ad ID: 5552427

Share: No
Density: 0.9
Coverage: 0.5
Land type: Plot
Plot area: 3995 m²
Plot Type: Industrial
Parcel number: 796
Planning zone: industrial
Registration block: 4
Registration number: 850

Location: Nicosia — Ergates

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PRIVATELY OWNED INDUSTRIAL PLOT – ERGATES, NICOSIA

3,995 m² private industrial plot available for long-term lease.

Located in the Ergates Industrial Area, suitable for a company looking to develop its own:

Headquarters

Warehouse / logistics facilities

Industrial building

Distribution centre

Manufacturing / commercial facilities

Planning parameters:

Land area: 3,995 m²

Building density: 90%

Coverage: 50%

Potential total development: approximately 3,596 m²

Private ownership / freehold

Development & Investment Opportunity

The plot can potentially accommodate approximately 3,600 m² of development.

An investor/developer could potentially create multiple warehouse units and rent them individually.

For example:

3,600 m² × €7/m²/month = €25,200/month gross potential rental revenue

or approximately €302,400/year gross, subject to the final design, permits, construction costs, market rents and occupancy.

The property is privately owned, offering an opportunity to own the land rather than lease a government industrial plot.

Road access from the main road is currently being arranged.

Serious enquiries only.

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€2.500

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Stelios

Posting since sep, 2018

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