Cyprus Properties for Sale - Altamira Real Estate (Cyprus)

8000 8200 +357 22 696500

Filter

Factory - Tseri, Nicosia

Nicosia - Ref. PR11810View on map

Factory-Tseri-PR11810
Factory-Tseri-PR11810
Factory-Tseri-PR11810
Factory-Tseri-PR11810
Factory-Tseri-PR11810
Factory-Tseri-PR11810
Factory-Tseri-PR11810
Factory-Tseri-PR11810
Factory-Tseri-PR11810
Factory-Tseri-PR11810
Save Share Print
Alert

By email

Factory - Tseri, Nicosia

Not subject to VAT

755,000

Indicative Price

The property for sale in an industrial building located in Tseri industrial area in the District of Nicosia. It is located at a distance of approximately 1,2km north of Tefkrou Anthia street (commonly known as ‘Chalepianes’). It is also situated approximately 900 meters east of the Tseri Beltway and approximately 2km west of the Nicosia-Limassol motorway (A1).

The majority of the industrial area falls within the industrial planning zone Βγ2 (Industrial Zone – Category ‘Α’) which  primarily comprises of heavy industry. The eastern part of the industrial area falls within planning zones Βα4 (Industrial Zone – Category ‘B’) and Βδ5 (Βιοτεχνική – Light industry/workshops).

The factory was constructed around 2009 and had secured the necessary Building Permit as a factory/carpentry. The building comprises of a large factory space and loading bays on the ground floor, with ancillary areas including office spaces, kitchen and WCs. The ancillary areas expand over two levels and access can be gained to the 1st floor via an internal staircase.

The area of the industrial space is 886 sq.m (approx.), the offices 220 sq.m (approx.) and the mezzanine 442 sq.m (approx.) .

It is rented with a monthly rent of €2500/month and a yield of 4%.

In addition to the above, it is important to note that the property will be in very close proximity to Nicosia’s new ring road, with Phase 1 of the project linking this industrial area directly to the Nicosia – Limassol motorway and the nearby industrial area of Dali. The Department of Public Works has announced that is has secured the funding for this as part of the Trans-European Transport Network (TEN-T) and the Central Network of Cyprus and Orient-East Med Corridor, whilst contracts for the works were signed in February 2020.

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: Tseri

Characteristics

  • Enclosed area: 1,106 m2
  • Mezzanine: 442 m2
  • Veranda : 38 m2 Uncovered
  • Land: 2,397 m2
  • Year built: 2009
  • Title deed: The property has a separate title deed
  • The property is rented

Services and facilities

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

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
6/125 30/38W2 6 171
  • Planning zone: Βγ2
  • Building Coefficient: 90%
  • Coverage Coefficient: 50%
  • 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 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

Enlarge map

Open in Google Maps (35.07041931152344, 33.3555793762207)

Energy Category

energy rating

Owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

Properties that may interest you

    • Factory-Tseri-PR11810

    Psimolofou

    €850,000 Indicative Price Not subject to VAT

    • 1,105 m2
    • Factory-Tseri-PR11810

    Kokkinotrimithia

    €665,000 Indicative Price Subject to VAT

    • 1,268 m2