Industrial Building (leasehold) in Vlachos quarter, in Aradippou Municipality of Larnaca District. It is located in the Aradippou Industrial Area formally known as the ‘Trade Free Area’ which is close to all kinds of services, facilities and has good access to the highway and to Larnaca International Airport.

The land on which the property is built has been formed by two adjacent industrial plots, forming a corner shape with a total frontage of approximately 165 meters. The surface of the land is relatively even, with an altitude difference on the north side. Within the southern area of the land there is an industrial building, whilst in the northern area of the plot remains vacant (approx 2.800 m²).

The industrial building comprises primarily of two storage areas (open space type), however there are also office and other storage areas. The level of construction and maintenance of the building is average. The property was constructed in around 1990 with a steel portal frame, block infill walls and corrugated metal roof sheets.

The area of the offices are approximately 265 m2 and the storage areas are approximately 1.770 m2.

The field area is about 5,974sq.m. and falls within the Ββ1 industrial zone which proposes the development of a two-storey building with a building factor of 100%.

The property is subject to a lease agreement with an expiration date 30/11/2056. It is noted that the agreement can potentially be renewed for a further one period 33 years each) subject to approval by the Ministry of Commerce.

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 Real Estate 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 Real Estate (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: Vlaxos