For sale is an industrial warehouse (Γ) within in one of Cyprus’s most popular industrial areas, located within Aradippou Municipality in the city of Larnaca. The property is located at a distance of 1.5 km (approx.) east of the motorway and 250 west meters of Iakovou Patatsou Avenue.

The industrial area benefits from having direct access onto the main motorway network with great connectivity and easy access to all cities including Nicosia, Limassol, Paralimni as well as Larnaca’s city centre. Additionally, it is only a short drive away from Cyprus’s International Airport and Larnaca’s harbor.

The industrial complex was constructed in 2007 and had obtained all necessary Planning & Building Permits.

Warehouse (Γ) comprises of  a large open space and toilets with a total area of 460sqm (approx.).

For sale is the 1/6 share of the title deed that corresponds to warehouse (Γ). It is noted that there is no distribution agreement.

The property falls within the Industrial Zone Βα3 (category B), having a building density of 100%.

It is noted that the warehouse is rented for €650/month with a yield of 3,5%.

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

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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.

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.

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District: Larnaca

Municipality: Aradippou

Quarter: Agios Fanourios

Unit No: 3