Description

The “5 thematic offer schemes” relate to promotional reduced prices on certain assets. Offerors will need to execute a relevant agreement within 15 working days with 25% down payment and with conclusion of the asset sale within 21 working days from signing date. The prices are firm and final and only offers at these fixed levels will be accepted.

Asking Price: €4.000.000 - Promotion Price: €2.880.000

The property is an industrial warehouse in the Engomi area of Nicosia with a total built area of 2.280 sqm and land area of 4.850 sqm.

The property consists of a building with reception and office areas, storage, filing and server rooms (with an area over 2 floors of 1.825 sqm), a car-paint garage (245 sqm) and a service garage (210 sqm).

The property is located in a well organised industrial/commercial area in Engomi and it enjoys good access to the main traffic routes nearby. It is located between two main avenues, Kyriakou Matsi and Griva Digeni, which connect the area to the city centre and the routes leading to the motorway. The area surrounding the building is fully paved and is used as a parking and car wash area.

The immediate area is fully developed with numerous industrial buildings and other mixed commercial use buildings such as showrooms and offices.

There are many large commercial buildings along Griva Digeni Avenue including the Alpha Mega supermarket and the Hilton Park Hotel.

Owner : SPACOUS PROPERTIES LTD

The asset falls within the Special Area Planning Zone EΠ2, with a building density coefficient of 120%, coverage coefficient 50%, over 3 floors and 13.5m height.

The planning zone allows for conversion to high end office space and high technology developments with the possibility for additional building density being granted by up to 10% extra. 

Reg. No. : 4/801

EPC: Not Applicable

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice

Additional Details