Industrial Unit/Warehouse in Timi, Paphos

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