€950,000 $990,850
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Pay in USD and save up to $34,680Key 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
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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