Cyprus Properties for Sale - Altamira Real Estate (Cyprus)

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Modern Warehouses - Ypsonas, Limassol

Limassol - Ref. CG10360View on map

Modern Warehouses - Ypsonas, Limassol-Ypsonas
Modern Warehouses - Ypsonas, Limassol-Ypsonas
Modern Warehouses - Ypsonas, Limassol-Ypsonas
Modern Warehouses - Ypsonas, Limassol-Ypsonas
Modern Warehouses - Ypsonas, Limassol-Ypsonas
Modern Warehouses - Ypsonas, Limassol-Ypsonas
Modern Warehouses - Ypsonas, Limassol-Ypsonas
Modern Warehouses - Ypsonas, Limassol-Ypsonas
Modern Warehouses - Ypsonas, Limassol-Ypsonas
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Modern Warehouses - Ypsonas, Limassol

Not subject to VAT

3,500,000

Indicative Price

Industrial warehouse within the industrial area of Agios Silas in Ipsonas Municipality. The property is located at the eastern part of the industrial area, 700 metres north of the motorway. It is situated close to all necessary amenities and services. In addition, it enjoys excellent access to the motorway and the city of Limassol.

The warehouse is of a modern construction and was built in 2012.The property is divided into 16 smaller warehouses, each with its own entrance and ramp.  The total area of the ground floor is 5,448 sqm (approx.) and of the mezzanine 1,072 sqm (approx.) which are divided into the 16 warehouses.

It is a unique property of its kind due to its modern design and the fact that it has been constructed with very good quality building materials.

14 out of the 16 warehouses are rented and two are vacant. The total rent is €10372/month and the yield 3.5%

 It lies within three town planning zones with the largest part, 60% of the plot being industrial, 34% is residential and the remaining 6% is in a protection zone.

The property has the potential to reach a 6.5% yield.

Gray Standard deadline time (JPG)

Gray Standard deadline time (JPG)

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

District: Limassol

Municipality: Ypsonas

Properties for sale

Warehouse

  • €1,050,000

    Indicative Price

    Not subject to VAT

  • Unit No: -
  • 1,696 m2

Warehouse

  • €2,450,000

    Indicative Price

    Not subject to VAT

  • Unit No: -
  • 3,676 m2

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on https://www.altamirarealestate.com.cy/ (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.

Location

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Open in Google Maps (34.70449447631836, 32.96099853515625)

Owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

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