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€2,900,000 €498/m²

5820m² Commercial for Sale in Nicosia – Kaimakli

Nicosia - Kaimakli, Nicosia district Posted 3 years ago Updated 6 months ago
5,820 m²Covered area
8,726 m²Plot
Pre-OwnedCondition
YesParking
  • Parking
Smart Assets
Smart Assets Agency · R.N.:1109 L.N.:317/E 3,004 for sale

About this home

Reference ID: #SA32129Price details: €2,900,000Three adjacent industrial plots with two buildings are located within the industrial area of Kaimakli, Nicosia district.The building on the first parcel is divided into a ground floor of approximately 1.570 sq.m. and a semi-basement of approximately 1.545 sq.m., in total 3.115 sq.m., approximately 175 sq.m. of uncovered verandas and land area of approximately 3.113 sq.m.The ground floor of two levels, consists of an open plan exhibition area and a mezzanine used as storage space. The second level is comprised of offices, storage rooms, a kitchen, production control room, production area and an uncovered veranda. The lower level consists of a workshop area, refrigerator room, storage area, toilets, locker rooms and an EAC substation. ​Externally there is an office room of approximately 25 sq.m.The building on the second and third parcels is divided into a ground floor and a semi-basement of approximately 1.360 sq.m. respectively, 3.115 sq.m. in total, and land area of approximately 5.613 sq.m. combined.The ground floor consists of three storage areas and office rooms.The semi-basement consists of storage areas, two refrigerator rooms and a boiler room.Externally there is an office room of approximately 25 sq.m.All the properties fall within Zones Βα1 and ΒΕ3 with a building coefficient of 160%, coverage of 50%, and permission for 4 floors.Moreover, the plots fall within special zone ΕΠ6 which allow, apart from industrial and warehousing developments, the construction of other commercial developments such as business offices, hyperstores, showrooms and exhibition areas for items with an increased volume or that require the storage of large quantities of product i.e. DIY stores, furniture, electrical appliances etc. car showrooms.Additionally, ΕΠ6 special zone allows the development of leisure facilities such as cinema, as well as schools student nests and other, subject to acquiring the necessary permits.

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Reference
SA32129
Property type
Other Commercial
Plot area
8,726 m²
Parking
Yes

What it will really cost

Asking price€2,900,000
Title transfer fee ~€112,600
Estimated total€3,012,600
Mortgage estimate
Monthly payment

Estimate only. Legal fees, stamp duty and mortgage costs are not included.

How the price compares

71% below
average

At €498/m² compared with an average €1,730/m² across 115 similar listings — other commercial in Nicosia.

Asking price per m²This home
Average €1,730 This home €498
€498€2,909€5,319

Location

Nicosia - Kaimakli, Nicosia district

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