Description

This asset consists of two leasehold fields with industrial buildings in the Strovolos industrial area, Nicosia.

The asset is located 500m west of the Nicosia - Limassol motorway, c. 300m north of Apostolos Varnavas lyceum and c. 400m northeast of the Ex-Orphanides mall.

The asset comprises of three large warehouses and storage rooms of c. 2,900sqm. There is also an ancillary space of c. 200sqm which comprises of a reception area, offices, conference room, changing rooms and kitchen. The warehouses have an air-conditioning system installed while the ancillary spaces have split-units installed. A fire detection system and a security/surveillance system are also installed.

The asset is currently subleased.

The immediate area of the property is a well-developed industrial area with easy access to the motorway.

The asset falls within industrial planning zone Bβ1, with building density coefficient of 100%, coverage coefficient 60% and 2 floors.

Lease expires 30/04/2045.

Owner: Vemoto Properties Limited

Reg. No.: 0/8435, 0/8437

Important note: The property is currently in tender process. Interested parties are welcome to submit their bids at the latest by 05/03/2021.

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
 

Additional Details