14,020m² Plot for Sale in Nicosia District

Property description

• Industrial parcel of land with regular shape.
• Features a relatively flat and even surface.
• Wide frontage onto a registered road of approx. 207 meters.
• Benefits from easy access to main routes.
• Potential to erect Industrial units of over 10.000 sq.m.
• Necessary services available in the area.
• The property is suitable for heavy duty Industrial developments.
• We are informed that the property extends to approx. 14.020 sq. m.
• According to the provisions of the “Local Plan of South Nicosia 2021”, the following provisions may apply to parcels within Category A:

1. Increase of the applicable building density by 5% in parcels with an area of ​​more than 2,500 sq.m. An additional increase in the applicable building density will be granted when part of the development’s energy needs are met by RES.
2. increase of the permitted number of floors by one, provided that the third floor will be used only for ancillary uses and not as industrial space.

Location

• The property is located in Panagia Evaggelistria quarter, municipality of Dali, in Nicosia District, under Reg.No. 12/728.
• The property is situated in “Geri Industrial Area” and benefits from easy access towards Idaliou street at 450 m. west which is the main artery of the area connecting Dali with Latsia and Nicosia to the north.
• It also offers easy access to Limassol Avenue and Limassol-Nicosia (A1) motorway at 2.5 km west via Megalou Alexandrou street at 1.5 km to the north.
• The immediate area of the property is predominantly industrial with large to medium scale Industrial developments.

Tenancy

• Vacant Possession

Zoning

• The property falls within the “Βγ2” Category A Industrial Zone, which allows for 100% building coefficient, 60% building coverage, 2 floors and height depending on the development.

Accommodation

The property was not inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the property provides:

• Site area extending to approximately 14.020 sq. m.
• It is recommended that interested parties undertake their own inquiries to confirm property measurements.

VAT

VAT not applicable – Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT.