Development opportunity in Industrial/Commercial land, Latsia, Nicosia

FOR SALE Strovolos / Nicosia
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EUR € 3,950,000
Prop No. 240138
City: Nicosia
Area: Strovolos
Plot: 10638 m2
Title deeds: Yes
Property Type: Industrial

Description

Development opportunity in a vacant property on a well proportioned site extending to about 10.638 sq.m. (105m wide x 110m depth).
The asset is surrounded by mainly large commercial and industrial units and is within close proximity to the Mall of Cyprus, the Nicosia general hospital and the main motorway.
The industrial building within the land is two-storey high and is situated on the northern boundary of the parcel.
The basement of approximately 550 sq.m. consists of a reception area, 2 storage rooms, a dining room and toilets.
The ground floor of approximately 1,700 sq.m. consists of 2 office spaces, a small kitchen, storage spaces, a freezer room, an open-plan space and an electrical substation.
The 1st floor of approximately 295 sq.m. consists of 3 office spaces, toilets, a room and covered verandas.
The property is subject to a compulsory purchase order for road network of approximately 2.318 sq.m., for public green area of approximately 800 sq.m. and for public pedestrian pathway of approximately 160 sq.m., resulting in a total net area of approximately 7.360 sq.m.

Property features

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