Investment Opportunity in an Industrial Unit in Strovolos, Nicosia – id S2688

An excellent investment opportunity in an industrial warehouse/craft space developed on a leasehold land within Strovolos industrial area, with a total internal area of approximately 3.864 sq.m. and approximately 6.615 sq.m. of land.andlt;br /andgt; The asset is currently being rented at a 6% annual yield.andlt;br /andgt; The lease hold expires in 2045 with the right of renewal for an additional 33 years.andlt;br /andgt; The property consists of the initial factory, the extension and the office administrative area which was added in 2009.andlt;br /andgt; It is located approximately 90m west of Limassol to Nicosia motorway (A1) and 900m north of GSP Football Stadium.andlt;br /andgt; The property falls within Zone Ββ1, with a building coefficient of 100%, coverage of 60%, and permission for 2 floors of construction.