Two storey Commercial Building in Dali, Nicosia

Description

Originally approved as a warehouse, the property has since been transformed into a state-of-the-art recording and post-production studio of exceptional standards.Key Property Features:- Plot Size: 758 sq.m.- Building Density: 100%- Coverage Ratio: 60%- Floors Allowed: 2Total Built Area: 445 sq.m.- Ground Floor & Mezzanine (280 sq.m. + 165 sq.m.):Includes two offices, kitchen, two WC rooms, a WC for persons with disabilities, and a spacious storage area. A mezzanine level, accessible by internal stairs, houses additional offices and storage, along with an emergency exit staircase to the exterior.The entire structure is built using durable and energy-efficient sandwich panels.- Conversion & Facilities:The warehouse has undergone a meticulous and high-end conversion into a professional-grade recording, dubbing, and post-production studio, catering to the needs of both local and international artists and media companies-particularly from the UK and across Europe.This transformation, completed in 2007/2008 at a cost of several hundred thousand euros, meets the highest industry specifications, all within the existing permits.- Ground Floor Studio :Features a welcoming reception area, office, cafeteria, kitchen, restrooms, a spacious control room with a dedicated voice booth, and an expansive live room engineered for premium acoustics. Soundproofed with reinforced concrete and layered acoustic materials, the studio ensures exceptional audio performance.Provision for a lift connects to the upper level.- Mezzanine Studio :Includes five professional dubbing booths, office spaces, restrooms, kitchen, and technical areas for server racks and storage-all designed for seamless production workflows.The property is currently rented from 01/02/2024 until 31/01/2027 with a gross rental yield of 7.2%.The asset is located in Dali Industrial Area, approximately 1km to the motorway. The immediate area consists of industrial warehouses, workshops, factories and storage facilities.The property falls within Zone Bα3, with a building coefficient of 100%, coverage of 60%, and permission for 2 floors (-m) of construction.Energy Category: C
Ref: X2752AL