€4,800,000 $5,006,399
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Pay in USD and save up to $175,224Key features
- Listing ID: 1549989 (altia1836)
- Total covered area: 19034 sqm
- Plot: 60260 sqm
Description
Industrial warehouse within a parcel of land extending to about 60,260 sq.m with a covered area of about 16,809 sq.m.in Agia Varvara, Paphos. The property enjoys direct access on the highway and abuts a registered road with a frontage of approx. 475m (175 meters along its western boundary and 300 meters along its northern boundary). The premises have approximately the following areas:
• Admin Building: 399m²
• Initial Building: 4,000m²
• Initial Extension: 7,430m²
• Recent Extension: 4,980m²
• Sheds: 2,225m²
The property comprises three adjacent industrial buildings that were completed in diverse times, in 1980 and partly extended in 1990, also in 2002 and 2008.
The property under study is a large industrial development consisting of warehouse buildings and office spaces that have been constructed within an industrial field. The unit structurally is separated into two parts.
The administration building was erected with a reinforced concrete structure with exterior walls made of brick, and the warehouse buildings were constructed using a structure of I-beams and H-columns, pitched roofs made of zinc roof panels, walls made of cement /terracotta bricks and metal panels and concrete floors. The majority of the parcel is asphalted.
The administration building consists of two floors that are each made up of five offices and bathrooms. On the ground floor, there is also an extra room that appears to have been a canteen/kitchen. The first floor is accessed via an internal staircase. The warehouse buildings are all open-plan. Some of the areas have bathroom facilities and storage areas.
The property falls within two planning zones, Zone Βα5, with a building coefficient of 80%, coverage of 60%, and permission for 2 floors of construction, Zone Βδ5, with a building coefficient of 50%, coverage of 60%, and permission for 1 floor of construction.
Asking price for the specific asset is negotiable.
The property is registered on SPV and transfer fees will not be applicable.
GPS Coordinates: 34.749054 32.494297
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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