#9528
For Sale, Industrial Unit in Ypsonas, Limassol
#9528
For Sale, Industrial Unit in Ypsonas, Limassol
2,200m²
Resale
INCOME PRODUCING PROPERTY WITH A RETURN OF ABOUT 7%
This is a prefabricated concrete products industrial unit, erected within a leasehold government land and located in the 3rd industrial zone in Ypsonas, Limassol. As a result, factories, industrial warehouses and buildings are located within the immediate area. The building comprises of a production area and a storage area. An administrative space comprising of an office with an en-suite toilet, a small kitchen, two toilets and a warehouse area.The property comprises of 2 buildings, erected during years 2006-2007, with a total area of 2.200 sq.m. The buildings are designed with steel frame structure and brick walls externally. The government leasehold lasts for 33 years, starting from 1/9/2006 and expiring on 31/08/2039. The current lease amount is EUR 23.003,99 per year, and the leaseholder can extend the agreement for additional 33-years periods
The property falls within Zone Eβ3, with a building coefficient of 80%, coverage of 60%, and permission for 2 floors (0m) of construction.
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Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.