Property 2560 Agia Varvara, Nicosia / 43359
Strategically Located Industrial Property With Two Large Warehouses.
-90%
Opportunity!
Why is this Property Classified as an Opportunity?
Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.
Nicosia Indicative Price
2,410.67 €This Property
230.59 €For Sale • Deal
980,000€
Estimated Mortgage
/month
4250
m2
9857
Plot m2
Overview
Property Description
Location • This industrial property is situated within the designated industrial zone of Agia Varvara, in the Nicosia district. • It enjoys a strategic position approximately 3.3 km of the Nicosia–Limassol (A1) motorway, providing convenient access to major transport routes. • The immediate surrounding area comprises various industrial developments and facilities operated by local companies.
External Features • The asset consists of a large industrial field with a total land area of 9,857 sqm. • The land benefits from an even topography and an irregular shape that accommodates the existing structures efficiently. • Within the parcel, there are two detached metal-frame warehouses located on the southern and northern parts of the field, with a combined covered area of approximately 4,250 sqm.
Internal Characteristics • The southern warehouse, constructed around the year 2000, has a total area of 3,050 sqm and is divided into two separate units. • This section is currently leased at a monthly rental of €4,500. The northern warehouse, built in 2005, comprises six smaller units with a total area of approximately 1,200 sqm.
• One of these units (Unit No. 5) is rented for €350/month, while the rest are currently occupied. Both warehouses are constructed with durable metal framing and serve multiple industrial uses. Advantages & Special Features
• This property presents a strong investment opportunity, with existing rental income and full occupancy. • It benefits from secured and valid building permits for all existing structures. • Furthermore, the field falls within the Industrial Planning Zone Ba3, which allows for a 100% building density, 60% coverage, and development up to 2 floors, offering considerable potential for future expansion or redevelopment.
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Electricity
Water
Location
32.14 kms
102.38 kms
3.14 kms
7.02 kms
7.22 kms
8.75 kms
Transfer Fees
Transfer Fees Individual
35,800 €
Transfer Fees Joint Names
32,400 €
Stamp Duty
1,868 €