Description

This commercial asset is very well located in Strovolos, Nicosia at the entrance/exit to the city and surrounding areas.The plot contains a two storey building that was utilised for food preparation and storing area.The building comprises of (a) a 537sqm basement area utilised as storage space and a staff toilet, changing rooms and a refectory, (b) a 1,768 sqm ground floor utilised as office space, factory space and storage rooms and (c) 420 sqm of office space and engine rooms.The total built area is 2.725 sqm, however the plot area is 10.683 sqm and the planning zone allows for a larger built area to be erected.The immediate area consists mainly of hypermarkets (e.g. The Mall of Cyprus, IKEA, Superhome Center, Leroy Merlin) and showrooms.The asset greatly benefits from its easy access to the motorway (linking Nicosia to Limassol and Larnaca), its proximity to the Nicosia city centre and other well-populated municipalities e.g. Latsia, Geri, Strovolos.There is considerable demand for large commercial buildings in this growing area of the city.The property is zoned as I?I?3 / BE1 (industrial) with 100% building density, 50% coverage and 2 floors.