The property is an industrial warehouse in three floors, located within the industrial area of Ypsonas (3rd Limassol Industrial Zone), Limassol.
The plot has a total area of 3932sqm and a total built area of 2100sqm.
The building comprises of a basement of c. 1.600sqm, an incomplete ground floor of c.400sqm and an incomplete first floor of c.160sqm. The basement houses a production area, administration offices, reception, and auxiliary space for the employees. Part of the basement has been modified to accommodate chillers. The building has been constructed with high quality materials such as sandwich panels, epoxy floors and it is equipped with fire prevention system and VRV heating/cooling systems.
The immediate area of the asset is a fully developed industrial area with many industrial buildings and warehouses as well as some factories. The area benefits from easy access to the motorway.
The asset is held leasehold with duration of 99 years starting from 01/12/2006.
The asset falls within the Ββ3 industrial planning zone, with building density coefficient of 80%, coverage coefficient 60%, in 2 floors.
THE PRICE IS SUBJECT TO VAT.
EPC: Pending Energy Certificate
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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