#6786

For Sale, Development opportunity in Industrial/Commercial land, Latsia, Nicosia

€3,950,000

#6786

For Sale, Development opportunity in Industrial/Commercial land, Latsia, Nicosia

€3,950,000

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Resale

Property 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.
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Property Info

6786
€3,950,000
Nicosia

Main Features

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Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.

 

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Development opportunity in Industrial/Commercial land, Latsia, Nicosia

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