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Industrial unit/warehouse in timi, paphos

Paphos, Timi
Posted: Today 15:27 Ad ID: 6608612
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Location: Paphos — Timi
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A 1,300sq.m. leasehold industrial unit situated in the Timi Government Industrial Area (Category B), Paphos, offering excellent connectivity to the Paphos–Limassol Motorway and close proximity to Paphos International Airport.

Property Highlights:

• Land Area: 5,324sq.m.

• Internal Area: 1,300sq.m.

• Mezzanine Area: 80sq.m.

• Incomplete Auxiliary Building: Two-storey structure of 190sq.m.

• Development Potential: Approx. 3,250sq.m. of unused building density and 1,100 sq.m. of unused site coverage

• Road Frontage: Approx. 48m

Internal Layout:

• The warehouse comprises a large open-plan industrial floor/factory area

• The mezzanine comprises of office and storage spaces

• The incomplete two-storey auxiliary structure was developed for office spaces

Land Lease Terms:

The warehouse is under a Government Sub-Lease Agreement until 31/08/2030 with an annual ground rent €18,683.65.

Subject to eligibility under the de minimis scheme, the purchaser may qualify for a 40% reduction in the annual ground rent.

The lease terms are as follows:

• 1st Period (Current): 01/09/2008 – 31/08/2041

• 2nd Period: 01/09/2041 – 31/08/2074

• 3rd Period: 01/09/2074 – 31/08/2107

Location:

Strategically located within the Government Industrial Area (Category B) in Timi. • Approximately 300m northeast of the Paphos–Limassol Motorway

• Approximately 1.4km north of Timi village square

• Approximately 4km northeast of Paphos International Airport

Pending issuance of Energy Performance Certificate.

Views: 4
Run a full technical and legal real estate check today
  • Technical inspection:
    SQUARE ARCHITECTS
    +357 99 592 218
  • Legal inspection:
    CTA LAW FIRM C.T. Antoniou & Co LLC
    + 357 22 516 838
  • Technical inspection:
    HOMESURV
    +357 22 377 004
  • Legal inspection:
    M.PARASCHOU LAW Advocates & Legal Consultants
    +357 22 622 262
  • Technical inspection:
    HOME CHECK
    +357 96 504 296

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€690.000
€531/m²
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Altia Altia
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Posting since feb, 2023

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