Description
This asset is a sizable leasehold industrial warehouse in the Ergates industrial area, Nicosia.
The asset is located c. 530m south of Nicosia – Palaichori road and c. 1.6km northwest of Ergates village center.
The asset has an area of c. 4,800sqm. The building has a steel frame and concrete floors except for the office areas that have ceramic floors. It is divided into two identical volumes. The northeast section is used exclusively for storage while the south-west section is used for storage and houses the supporting areas (toilets, kitchen/dining areas, changing rooms, server rooms and offices). The roof of the supporting areas is used as a mezzanine storage space.
The immediate area of the property is a well-developed industrial area with easy access towards Nicosia.
The asset falls within industrial planning zone B1, with building density coefficient of 90%, coverage coefficient 50% and 2 floors.
