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Warehouse, Factory in Latsia, Nicosia

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Ref: F-67606
Asking Price
€1,900,000
Loan Installment

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Property for Sale in Nicosia, Latsia, Cyprus
Property for Sale in Nicosia, Latsia, Cyprus
Property for Sale in Nicosia, Latsia, Cyprus

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Property Details
  • For Sale
  • Property Type: Warehouse / Factory
  • Location: Nicosia, Latsia, Cyprus
  • Internal Area: 3682sqm
  • Price: €1,900,000
  • VAT: N/A
  • Loan Installment: €9,012

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €1,900,000
Own Contribution (35%): €665,000
Loan Amount (65%): €1,235,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Plot/Land Size: 6860sqm
  • Reference: F-67606
Antonis Antoniades
Mobile: (+357) 97767247

Nicosia
Address: Nicosia Georgiou Davari Office
The property is an industrial warehouse with a total internal area of 3.682 sqm, located in Latsia, Nicosia. It is adjacent to a public road on its northern boundary, and near the Nicosia – Limassol motorway. The warehouse is used by the previous occupier as a garage and repair centre for vehicles whereas the ancillary extensions housed offices, hygiene areas and small parts storage. There is parking space at the front and rear of the property. The asset is currently leased.The property is located within the Latsia industrial area, one of the most prominent and busy industrial regions in the Nicosia district. Accessibility is very good due to proximity to the Nicosia-Limassol motorway and the main route through the industrial area. Nearby there are similar facilities such as Unicars (VW, Audi, Skoda, SEAT) service as well as the main storage units for several companies such as Nora, DIAPO and Latsia Municipality. The property falls within the industrial planning zone Βα3 with building density coefficient of 100% and a coverage coefficient of 60% over 2 floors. The total land area is 6.860 sqm All urban features must be checked with the proper authorities.
Attributes
Parking-Uncovered

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