for Sale in Timi, Paphos District

A 1 300sq.m. leasehold industrial unit situated in the Timi Government Industrial Area Category B Paphos offering excellent connectivity to the Paphos Limassol Motorway and close proximity to Paphos International Airport. Property Highlights Land Area 5 324sq.m. Internal Area 1 300sq.m. Mezzanine Area 80sq.m. Incomplete Auxiliary Building Two storey structure of 190sq.m. Development Potential Approx. 3 250sq.m. of unused building density and 1 100 sq.m. of unused site coverage Road Frontage Approx. 48m Internal Layout The warehouse comprises a large open plan industrial floor factory area The mezzanine comprises of office and storage spaces The incomplete two storey auxiliary structure was developed for office spaces Land Lease Terms The warehouse is under a Government Sub Lease Agreement until 31 08 2030 with an annual ground rent 18 683.65. Subject to eligibility under the de minimis scheme the purchaser may qualify for a 40 reduction in the annual ground rent. The lease terms are as follows 1st Period Current 01 09 2008 31 08 2041 2nd Period 01 09 2041 31 08 2074 3rd Period 01 09 2074 31 08 2107 Location Strategically located within the Government Industrial Area Category B in Timi. Approximately 300m northeast of the Paphos Limassol Motorway Approximately 1.4km north of Timi village square Approximately 4km northeast of Paphos International Airport Pending issuance of Energy Performance Certificate.