Ref. No. 21138 Warehouse

€5,700,000 No VAT
Nisou Nicosia
Warehouse Commercial
2390m² Covered
8315m² Plot
Sales Agent Stefanos Constantinou

Property Description

This property is a food processing, storage and distribution center in the Nisou industrial area, Nicosia.

The property is located adjacent to Lemesou Avenue with a road frontage of 136m and c. 70m east of the Nicosia - Limassol motorway.

The property comprises of the following areas:

- Management building (of 270sqm) with reception area, offices, conference room, server room, storage area and hygiene facilities.

- Production area (of 2,120sqm) with three loading bays, office/filing room, control room, order preparation area, refrigerators for vegetables, meat, fish, packaging material storage room, sterilization area, staff cafeteria, hygiene areas and changing room.

- Basement (of 970sqm) with parking spaces and extra storage rooms.

The building is equipped with HVAC, central refrigeration system, fire detection system, fire extinguisher system, CCTV and security system.

The immediate area of the property is a well developed organized industrial area that enjoys easy access to the Nicosia - Limassol motorway.

The property falls within two planning zones:

- 6,402sqm fall within industrial planning zone Βα3 with building density coefficient of 100%, coverage coefficient 60%, in 2 floors.

- 2,743sqm fall within Protected planning zone Δα1 with building density coefficient of 5%, coverage coefficient 5%, in 1 floors and a maximum height of 5,5m.

Owner: Odolo Properties Ltd

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

Property Features


Transfer Fees

€224,600 Transfer fees + €11,308 Stamp Duty
€221,200 Transfer fees + €11,308 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
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