Warehouse in Geni Tzami (quarter), Nicosia
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Auction
- Lot 10
- Cyprus
- Industrial
- Commercial
Sold for €174.000
Property Summary
- "ΕΠ1" special uses zone regular shaped plot.
- Extending to approximately 602 sq. m.
- Within the plot there is an old warehouse sized approx. 285 sq.m.
- Potential for commercial/residential development. (subject to obtaining all necessary consents).
- Subject to a tenancy (tenants not affected).
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Property description
- A regular shaped within a special use zone plot with flat and even surface.
- Within the plot there is an old warehouse sized approx. 285 sq.m.
- The property benefits from road frontage of approx. 23 meters. along its south border on Charilaou Michael street.
- We are informed that the property extends to approximately 602 sq. m.
Location
- The property is situated within the Kaimakli parish, Nicosia Municipality, Nicosia District, under Land Reg. No. 1/235
- The plot is adjacent to Charilaou Michael Street, approx. 220 m. north of Pallouriotissa Middle School, approx. 350 north of Pallouriotissa High School, approx. 250 m. east of Arch. Makariou III Avenue and approx. 460 m. north of Orpheas Football Stadium.
- The immediate area is mainly characterized by units such as warehouses and apartment buildings.
Tenancy
- Subject to a tenancy (tenants not affected).
- Lease agreement in place until 1/12/2022
Zoning
- The property falls within the ΕΠ1 Special Uses Zone, which allows up to 120% building coefficient for commercial development for everyday use, light entertainment use, laboratories, residential use as well as student halls. In addition, the planning zone allows for offices gyms as mentioned in the Nicosia Special Plan paragraph 38.2.2.
Accommodation
The land was not inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the property provides:
- Site area extending to approximately 602 sq. m.
- Interested parties are recommended to undertake their own inquiries to confirm property measurements.
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*Terms & Conditions
Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
