Other in Dali - Nicosia

Property Description

Description A well-located industrial complex in the Dali Industrial Area, offering immediate rental income and strong upside potential. The property sits on a 2,890sq.m. plot with approx. 88m frontage along 28 Oktovriou Street, just 630m from the Nicosia–Limassol motorway.

Property Highlights:
• Land: 2,890sq.m.
• Enclosed Areas: 1,091sq.m.
• Administrative Areas: 64sq.m.
• Auxiliary Building: 78sq.m.

Internal Layout:
The asset comprises three warehouses, two office spaces, and an auxiliary building, currently configured into five separate industrial units/workshops.
The warehouses feature open-plan workspaces with staff facilities (toilets, showers, changing rooms), while the southern section includes administrative areas such as offices, exhibition space, and dining area. An auxiliary building provides specialized storage, including a dedicated space for flammable materials.

Financial Performance:
It is currently occupied by four tenants, generating a gross yield of 4.22%, with the potential to increase to approximately 6.65% upon leasing of a soon-to-be-vacant unit.

Location:
•Approx. 630m east of the Nicosia–Limassol motorway (A1)
•Approx. 175m south of Tefkrou Anthia Street

A solid investment opportunity combining stable income, flexible unit configuration, and clear reversionary yield potential in a prime industrial location.

Pending issuance of Energy Performance Certificate.