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Industrial Building for sale in Paphos Municipality, Paphos

Paphos Municipality, Paphos, Cyprus
Industrial Building for sale in Paphos Municipality, Paphos 1695 Paphos Municipality
Offers in the region of
950000 €950,000  ($995,079)
Industrial Building
Paphos Municipality, Paphos
Offers in the region of

€950,000  ($995,079)

Bank Owned Property

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $34,828

Average Bank Rate (€950,000)
1 USD = 0.9224 EUR
$1,029,907

Mid-market rate (€950,000)
1 USD = 0.9547 EUR
$995,079

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1571765 (altia2399)
  • Total covered area: 1243 sqm
  • Plot: 2925 sqm

Description

RENTED INDUSTRIAL UNIT - INCOME PRODUCING ASSET WITH A RETURN OF ABOUT 6.5% as from Jan 2025

The property under consideration, is an industrial unit primely located within the industrial zone of Paphos Municipality, enjoying high visibility and public road network access. It is located approx 600m from Paphos-Limassol motorway.

The building is presently divided into 3 sections and utilized as 3 different lines of production with a total area of approx 1.243 sq.m. The southern adjacent ground floor building is currently utilized as an administration area and the 1st floor is split into 2 sections, being offices and storage rooms. The total area of the offices on the ground floor is approx. 287 sq.m and the first floor is approx. 250 sq.m.

This property consists of:
Property with registration number 0/32555, extending to approximately 1,534 sq.m. in total and falls within a duel Zone Δα2(6%), with a building coefficient of 1%, coverage of 1%, and permission for 1 floors (5m) of construction and Zone Βα5(94%), with a building coefficient of 80%, coverage of 60%, and permission for 2 floors of construction.
Property with registration number 0/32556, extending to approximately 1,391 sq.m. in total and falls within a duel Zone Δα2(4%), with a building coefficient of 1%, coverage of 1%, and permission for 1 floors (5m) of construction and Zone Βα5(96%), with a building coefficient of 80%, coverage of 60%, and permission for 2 floors of construction.

GPS Coordinates: 34.777459 32.445350

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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.

Stamp Duties
If buying as an individual
€1,808 ($1,893)
If buying on joint names
€1,808 ($1,893)
Transfer fees
If buying as an individual
€34,600 ($36,242)
If buying on joint names
€31,200 ($32,680)

Disclaimer - Property reference 1571765. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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