Industrial Unit/Warehouse in Timi, Paphos – id S46046

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.andlt;brandgt; andlt;brandgt; Property Highlights:andlt;brandgt; • Land Area: 5,324sq.m.andlt;brandgt; • Internal Area: 1,300sq.m.andlt;brandgt; • Mezzanine Area: 80sq.m.andlt;brandgt; • Incomplete Auxiliary Building: Two-storey structure of 190sq.m.andlt;brandgt; • Development Potential: Approx. 3,250sq.m. of unused building density and 1,100 sq.m. of unused site coverageandlt;brandgt; • Road Frontage: Approx. 48mandlt;brandgt; andlt;brandgt; Internal Layout: andlt;brandgt; • The warehouse comprises a large open-plan industrial floor/factory areaandlt;brandgt; • The mezzanine comprises of office and storage spaces andlt;brandgt; • The incomplete two-storey auxiliary structure was developed for office spacesandlt;brandgt; andlt;brandgt; Land Lease Terms:andlt;brandgt; The warehouse is under a Government Sub-Lease Agreement until 31/08/2030 with an annual ground rent €18,683.65. andlt;brandgt; Subject to eligibility under the de minimis scheme, the purchaser may qualify for a 40% reduction in the annual ground rent.andlt;brandgt; andlt;brandgt; The lease terms are as follows:andlt;brandgt; • 1st Period (Current): 01/09/2008 – 31/08/2041andlt;brandgt; • 2nd Period: 01/09/2041 – 31/08/2074andlt;brandgt; • 3rd Period: 01/09/2074 – 31/08/2107andlt;brandgt; andlt;brandgt; Location: andlt;brandgt; Strategically located within the Government Industrial Area (Category B) in Timi. • Approximately 300m northeast of the Paphos–Limassol Motorwayandlt;brandgt; • Approximately 1.4km north of Timi village squareandlt;brandgt; • Approximately 4km northeast of Paphos International Airportandlt;brandgt; andlt;brandgt; Pending issuance of Energy Performance Certificate.