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The property is a complex of five (5) industrial warehouses in Aradippou near the main Peletico Industry. It comprises of 5 relatively small storage/warehouse units made from a steel structure and sandwich panels (lightweight but solid construction) and a perimeter wall of reinforced concrete, covering a total useful GLA of 744sqm on a total land area equivalent to 1593sqm (total land equal to 2202sqm). The road network is completed, including pedestrian pavements, and each unit has separate entrance bays and the required parking area. All warehouses are currently in use and leased. The property sits within a newly developed part of the Aradippou Industrial zone. It is near a main road, thus it has easy access to the motorway access to Nicosia and the airport. The area is bound in the north by the Aradippou forest and in the south by a newly designated Residential zone. Aradippou area is an excellently connected as it is located among three main cities; Nicosia, Larnaca and Limassol, as well as the International Airport. The warehouse falls within the Industrial Planning Zone 2 with a building density coefficient of 50% and a coverage coefficient of 50%, over 1 floor and 5.5m maximum height.
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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