Available for sale is the 1/2 eastern share of the parcel, corresponding to a ground floor house and an industrial building comprising seven separate warehouses, situated in Ergates community, Nicosia District. The property is located approximately 1,050 meters southwest of Anageia Primary School and approximately 520 meters east of the Ergates Industrial Area.

The parcel has an irregular shape, a flat surface, and abuts a registered road along its northern border, with a frontage of approximately 70 meters.

The property is described below:

• The ground floor house was erected circa 1985 and comprises an open-plan living room with kitchen, guest toilet, bathroom with toilet, two bedrooms, and two covered verandas. The internal area of the house is approximately 90 sq.m., while the covered verandas extend to approximately 25 sq.m. The house is rented for €550/month.

• Warehouse A consists of office spaces and a workshop. The office spaces were constructed circa 1980, while the workshop was erected circa 1995. The warehouse comprises three separate office units, changing rooms, two sanitary facilities, and a kitchen, whereas the workshop consists of an open-plan working area. Warehouse B was erected circa 1995 and comprises an open-plan workshop area and a toilet. Warehouse C was also erected circa 1995 and comprises an open-plan workshop area and a toilet. The total internal area of Warehouses A, B and C is approximately 589 sq.m. The warehouses A & B & C are rented for €1,650/month.

• Warehouse D was erected circa 1985 and comprises three separate work areas, a kitchen, and a toilet. The internal area is approximately 246 sq.m. It is rented for €640 per month.

• Warehouse E was erected circa 1985 and comprises an open-plan workshop area and a toilet. The internal area is approximately 135 sq.m. It is rented for €470 per month.

• Warehouse F was erected circa 1985 and comprises an open-plan workshop area and a toilet. The internal area is approximately 135 sq.m. It is rented for €460 per month.

• Warehouse G was erected circa 1980 and comprises an open-plan workshop area, office spaces consisting of three separate offices/storage rooms, a toilet, a shower, and a kitchen. The internal area is approximately 270 sq.m. It is rented for €750 per month.

 The buildings fall within the agriculture zone Γ3 with a building factor of 10%.

The property is rented with the sum of €4,520/month with a yield of 9.5%.

There is a distribution agreement, and the 1/2 share corresponds to the eastern part of the property, shown in light blue and marked with the letter “B” on the Distribution Agreement plan. It is also noted that a relevant plan illustrates the location of the warehouses, which are identified by the letters “A-Z”.

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

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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: Ergates