€2,000,000 $2,094,941
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Pay in USD and save up to $73,323Key features
- Listing ID: 1070092 (altia880)
- Total covered area: 3864 sqm
- Plot: 6615 sqm
Description
An excellent investment opportunity in an industrial warehouse/craft space developed on a leasehold land within Strovolos industrial area, with a total internal area of approximately 3.864 sq.m. and approximately 6.615 sq.m. of land.
The asset is currently being rented at a 6% annual yield.
The lease hold expires in 2045 with the right of renewal for an additional 33 years.
The property consists of the initial factory, the extension and the office administrative area which was added in 2009.
It is located approximately 90m west of Limassol to Nicosia motorway (A1) and 900m north of GSP Football Stadium.
The property falls within Zone Ββ1, with a building coefficient of 100%, coverage of 60%, and permission for 2 floors of construction.
Buying expenses
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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