Cyprus Properties for Sale - Altamira Real Estate (Cyprus)

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Factory - Geri, Nicosia

Nicosia - Ref. PR15447View on map

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Factory - Geri, Nicosia

Not subject to VAT


Reserve Price

deadline 30 November 2021

deadline 30 November 2021

The property for sale is a factory within Geri Industrial Zone in Nicosia District, at a distance of 100 meters (approx.) northeast of Ftelias street and 1.4 km southeast of "Laiki Sporting Club".

The property enjoys very good access to the motorway, the city of Nicosia and to all necessary amenities. The vicinity of the property is characterized by industrial buildings and mixed use buildings of various companies.

The building was constructed in 2002 (approx.) and its level of construction and maintenance is satisfactory. It consists of 3 separate operation spaces, 2 offices, 2 WC's and a small kitchen on the ground floor. The 1st floor consists of 2 bedrooms with shower/toilet and a kitchen. Externally it consists of a metal shed. It has acquired a planning permit to operate as a metal factory. 

The area of the operation spaces is 880 sqm (approx.), the offices 55 sqm (approx.), the auxiliary rooms 55 sqm (approx.) and the metal shed 85 sqm (approx.). It is noted that the industrial building corresponds to the 1/2 share of the property and it is located on the southern part of the parcel with a land area of 2855 sqm (approx.). In addition, the property is subject to road widening scheme. 

The property is occupied.

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.

Tenders submitted for an Amount below the Reserve Price shall be rejected.

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: Geri


  • Enclosed area: 990 m2
  • Land: 5,710 m2
  • 2 Bathrooms
  • Year built: 2002

Services and facilities

  • Parking : 9 Uncovered
  • G.Optional
  • Swimming pool
  • Air condition
  • Lift
  • Heating
  • Storage room

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
9/772 30/32W2 9 832
  • Planning zone: Βγ2
  • Building Coefficient: 90%
  • Coverage Coefficient: 60%
  • Maximum Floors Allowed: 2
  • Maximum Building Height (m): -

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on (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.


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