Development opportunity in a vacant property on a well proportioned site extending to 10,638sqm (105m width x 110m depth).
The asset is surrounded by mainly large commercial and industrial units and is within close proximity to the Mall of Cyprus, the Nicosia General Hospital and the highway to Larnaca and Limassol.
The industrial building within the land is two-storey high and is situated on the northern boundary. The basement is approximately 550sqm and consists of a reception area, 2 storage rooms, a dining room and toilets. The ground floor is approximately 1700sqm and consists of 2 office spaces, a small kitchen, storage spaces, a freezer room, an open-plan space and an electrical substation.
The 1st floor is approximately 295sqm and consists of 3 office spaces, toilets and covered verandas.
The property is subject to a compulsory purchase order for a road network of approximately 2318sqm for a public green area and an area of approximately 800sqm and for a public pedestrian pathway of approximately 160sqm resulting in a total net area of approximately 7360sqm.