Property Description

For sale is an industrial warehouse (Γ) within in one of Cyprus’s most popular industrial areas, located within Aradippou Municipality in the city of Larnaca. The property is located at a distance of 1.5 km (approx.) east of the motorway and 250 west meters of Iakovou Patatsou Avenue.

The industrial area benefits from having direct access onto the main motorway network with great connectivity and easy access to all cities including Nicosia, Limassol, Paralimni as well as Larnaca’s city centre. Additionally, it is only a short drive away from Cyprus’s International Airport and Larnaca’s harbor.

The industrial complex was constructed in 2007 and had obtained all necessary Planning & Building Permits.

Warehouse (Γ) comprises of  a large open space and toilets with a total area of 460sqm (approx.).

For sale is the 1/6 share of the title deed that corresponds to warehouse (Γ). It is noted that there is no distribution agreement.

The property falls within the Industrial Zone Βα3 (category B), having a building density of 100%.

It is noted that the warehouse is rented for €650/month with a yield of 3,5%.

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

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