The property for sale concerns an industrial warehouse located on the western part of the property within Strovolos Industrial area, in Nicosia District. It is located at a distance of 570 meters (approx.) southeast of Strovolos roundabout and 540 meters (approx.) south of the Mall of Cyprus.

The industrial area benefits from having direct access onto the main motorway network with great connectivity and easy access to all cities. Additionally, this area has easy access to the Nicosia city.

The warehouse is located on the western part of the property (with red color) with a coresponding land area 3,316sqm. and it was constructed around the year 1980. It consists of an open space area and a toilet on the ground floor. Mezzanine floor which consist of storage area, office and toilet and basement.

The area of the internal spaces is 1.640 sqm (approx.) the mezzanine floor is 1.180 sqm (approx.) and the basement 240 sqm (approx.). 

It is noted that the property is vacant and is considered as an appealing investment opportunity.

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: Strovolos

Quarter: Apostolos Varnavas