Industrial warehouses on large field located in Agia Varvara community of Nicosia district. It is located with the local industrial area of the village, approximate 3,3km southwest of the Nicosia - Limassol motorway (A1) and approximate 330 meters southeast of Agia Varvara – Mathiatis connection road.

The immediate area of the property comprises of development and industrial buildings of various local companies.

The field has an irregular shape, even land topography and it has total land area of 9,857sqm. Within the parcel there are two detached  metal frame warehouses (south and north part) with total enclosed area of approximate 4,250sqm.

The southern warehouse constructed around the year 2000 and split into 2 units with total area of 3,050sqm. It is noted that the warehouse is rented for €4,500/month.

The northern warehouse constructed around the year 2005 and split into 6 units with total area of 1,200sqm. It is noted that the warehouse (No. 5) is rented for €350/month and the remaining units are occupied.

It is noted that the warehouses have secured all the necessary building permits.

The property falls within the Industrial Zone Ba3 having building density coefficient 100% and coverage density of 60% in 2 floors.

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

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

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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.

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 Real Estate 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 Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

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District: Nicosia

Municipality: Agia Varvara