Industrial Unit/Warehouse for Sale in Timi, Paphos

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.

Property Highlights:
• Land Area: 5,324sq.m.
• Internal Area: 1,300sq.m.
• Mezzanine Area: 80sq.m.
• Incomplete Auxiliary Building: Two-storey structure of 190sq.m.
• Development Potential: Approx. 3,250sq.m. of unused building density and 1,100 sq.m. of unused site coverage
• Road Frontage: Approx. 48m

Internal Layout:
• The warehouse comprises a large open-plan industrial floor/factory area
• The mezzanine comprises of office and storage spaces
• The incomplete two-storey auxiliary structure was developed for office spaces

Land Lease Terms:
The warehouse is under a Government Sub-Lease Agreement until 31/08/2030 with an annual ground rent €18,683.65.
Subject to eligibility under the de minimis scheme, the purchaser may qualify for a 40% reduction in the annual ground rent.

The lease terms are as follows:
• 1st Period (Current): 01/09/2008 – 31/08/2041
• 2nd Period: 01/09/2041 – 31/08/2074
• 3rd Period: 01/09/2074 – 31/08/2107

Location:
Strategically located within the Government Industrial Area (Category B) in Timi. • Approximately 300m northeast of the Paphos–Limassol Motorway
• Approximately 1.4km north of Timi village square
• Approximately 4km northeast of Paphos International Airport

Pending issuance of Energy Performance Certificate.