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High Yield Investment Opportunity in an Industrial warehouse in Strovolos industrial area, Nicosia

USD 1,834,768

Warehouse & Industrial space (For sale)

39,396 sqft
Reference: WJTH-T1488 / 46301
Located in Nicosia.
Two level industrial warehouse of approximately 3660 sq.m., currently rented to governmental authorities. The industrial unit consists of office spaces and storage areas. The office/administrative space has a total area of approximately 200 sq.m. and it consists of a ground floor which is divided into a reception area, office spaces, a kitchen, three toilets and a 1st floor comprising by two office rooms. Furthermore, the storage space is separated internally into 3 sections which are connected internally and are used as storage areas. According to the available building density, the asset can be further expanded to 4550 sq.m. in total subject to acquiring all the necessary permits. Current government lease ending on the 30th of April 2045 with the right to re-new for another 33 years.
View more View less Located in Nicosia.
Two level industrial warehouse of approximately 3660 sq.m., currently rented to governmental authorities. The industrial unit consists of office spaces and storage areas. The office/administrative space has a total area of approximately 200 sq.m. and it consists of a ground floor which is divided into a reception area, office spaces, a kitchen, three toilets and a 1st floor comprising by two office rooms. Furthermore, the storage space is separated internally into 3 sections which are connected internally and are used as storage areas. According to the available building density, the asset can be further expanded to 4550 sq.m. in total subject to acquiring all the necessary permits. Current government lease ending on the 30th of April 2045 with the right to re-new for another 33 years.
Reference: WJTH-T1488
Country: CY
City: Nicosia
Category: Commercial
Listing type: For sale
Property type: Warehouse & Industrial space
Property subtype: Industrial space
Property size: 39,396 sqft
Rooms: 4
WC: 3

SALE PRICE PER SQFT IN NICOSIA

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 182
+2.5%
+4.1%
Apartment
USD 218
+3%
+9.4%

AVERAGE HOME VALUES IN NICOSIA

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