Commercial warehouse in ypsonas, limassol
Reference ID: #SA33494Price details: €1,400,000Rented industrial units for sale, income producing asset with a return of about 7%.This is a prefabricated concrete products industrial unit, erected within a leasehold government land and located in the 3rd industrial zone of Ypsonas Municipality Limassol.As a result, factories, industrial warehouses and buildings are located within the immediate area.The building comprises of a production area and a storage area. An administrative space comprising of an office with an en-suite toilet, a small kitchen, two toilets and a warehouse area.The property comprises of 2 buildings, erected during years 2006-2007, with a total area of 2.200 sq.m.The buildings are designed with steel frame structure and brick walls externally.The government leasehold lasts for 33 years, starting from 1/9/2006 and expiring on 31/08/2039.The current lease amount is EUR 23.003,99 per year, and the leaseholder can extend the agreement for additional 33-years periods i.e. Yr.2105The asset is located approximately 7.9km from Limassol General Hospital, approximately 15km from Limassol city centre and approximately 4.5km from A6 motorway.The property falls within Zone Eβ3, with a building coefficient of 80%, coverage of 60%, and permission for 2 floors (0m) of construction.The property is subject to a partial vat treatment which the land value will be subject to 19% vat and the rest of the sale price will be subject to transfer fees.
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 22 875 353
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Legal inspection:M.PARASCOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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