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Incomplete Building Complex - Egkomi, Nicosia

Nicosia - Ref. PR30649View on map

Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
Commercial building-Egkomi-PR30649
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Incomplete Building Complex - Egkomi, Nicosia

Not subject to VAT

3,500,000

Indicative Price

Deadline 5 October 2021

Deadline 5 October 2021

Incomplete commercial building complex in a very good location in Egkomi Municipality in Nicosia District. The property is located at a distance of 245 meters (approx.) northeast of Egkomi Town Hall and 130 meters (approx.) north of Griva Digeni avenue.

The property is ideally situated close to a plethora of amenities and services such as cafes, restaurants, shops supermarket etc. In addition, the “Mall of Egkomi” and the 28th of October avenue are also a short drive away.

The building on the northeastern part comprises of a ground floor and a 1st floor and it level of construction and maintenance is good. It consists of office spaces, hygiene areas, reception, conference rooms, laboratories etc. The building is rented for 7,128 Euro per month. It has an area of 1155 sqm (approx.).

The building on the northern part of the western building comprises of a ground floor and a 1st floor. The building remains incomplete. It has an area of 470 sqm (approx.).

The southern part of the western building and the central building comprise of ground floor and 1st floor. They consists of office spaces, hygiene areas, reception, conference rooms, laboratories etc. They have an area of 1180 sqm (approx.).

It is considered as an ideal investment opportunity.

Current Planning Zone Details:

Planning Zone: ΕΠ2 (Special Zone)

Building Density: 120% (plus incentives)

Coverage Coeff.: 50%

Floors: 3

Max Height: 13,5m

The above planning zone allows the development of a variety of uses. 

 

Gray Standard deadline time (JPG)

Gray Standard deadline time (JPG)

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

District: Nicosia

Municipality: Egkomi

Characteristics

  • Enclosed area: 2,805 m2
  • Land: 3,549 m2
  • Year built: 1973
  • Title deed: The property has a separate title deed
  • The property is rented

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
4/847 21/53W1 4 769
  • Planning zone: ΕΠ 2
  • Building Coefficient: See Description/Βλέπε Περιγραφή
  • Coverage Coefficient: See Description/Βλέπε Περιγραφή
  • Maximum Floors Allowed: See Description/Βλέπε Περιγραφή
  • Maximum Building Height (m): See Description/Βλέπε Περιγραφή

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on https://www.altamirarealestate.com.cy/ (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.

Location

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Energy Category

energy rating

Owner

Alpha Bank Cyprus Ltd

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