2032m² Commercial for Sale in Aradippou, Larnaca District

Leasehold Warehouse for sale in Industrial area of Aradippou, Larnaca. It is located close to all kinds of services & facilities, has good access to the highway and to Larnaca International Airport.

Warehouse for sale in Aradippou industrial area. It comprises primarily of two storage areas (open space type), however there are also office and other storage areas. The area of the offices is approximately 265 sqm and the storage areas are approximately 1.770 sqm. The property was constructed in around 1990 with a steel portal frame, block infill walls and corrugated metal roof sheets. The level of construction and maintenance of the building is average.

The land on which the property is built, has been formed by two adjacent industrial plots with total area of 5,974sq.m. The land falls within the Ββ1 industrial zone which proposes the development of a two-storey building with a building density of 100% and land coverage of 60%. The asset has corner position with a total frontage of approximately 165 meters. The surface of the land is relatively even, with an altitude difference on the north side. The warehouse is situated within the southern area of the land, whilst in the northern area of the plot remains vacant (approx 2.800 sqm).

The property is subject to a lease agreement with an expiration date 30/11/2056. It is noted that the agreement can potentially be renewed for a further one period 33 years each) subject to approval by the Ministry of Commerce.