Warehouse For Sale in Engomi, Nicosia
For Sale / EUR 1.980.000
The property is an industrial warehouse in the Engomi area of Nicosia with a total built area of 1.665 sqm and a land area of 2.081 sqm. The asset comprises an open plan design at both the ground and basement area which can be easily modified according to the occupier’s needs.
The property is located in a well organised industrial/commercial area in Engomi and it enjoys good accessibility toward the centre of Nicosia and to surroundings areas due to its close proximity to the Kolokassides Roundabout.
The wider area is characterised as one of the most attractive areas of Nicosia and has experienced increased levels of growth over the past few years mainly driven by commercial developments including universities, supermarkets, cafes and hotels.
The immediate area is fully developed with numerous industrial buildings and other mixed commercial use buildings such as showrooms and offices. There are many large commercial buildings along Griva Digeni Avenue including the Alpha Mega supermarket and the Hilton Park Hotel.
The asset falls within the Special Area Planning Zone EΠ2 with a building density coefficient of 120%, coverage coefficient 50%, over 3 floors and 13.5m height.
The planning zone allows for conversion to high end office space and high technology developments with the possibility of additional building density being granted by up to 10% extra.