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For Sale Building/Showroom in Limassol in Limassol, Limassol

A multi storey commercial building with a total area of 3,800 sqm, located in Tsiflikoudia, Limassol.
The building was erected in stages thus is divided into three parts. First part (east end of the plot) consists of ground floor for use as a showroom and 1st floor for use as offices and reception. Second part (in the middle of the plot) consists of ground floor which is used as a large freezer and bonded warehouse. Third part (west end of the plot) consists of semi-basement floor for use as a storage room, car service garage and carwash. Ground floor for use as reception and offices and 1st floor for use as auxiliary space 
Based upon the proposed master plan of the area, the asset might benefit from extra planning incentives and specialized development s such as increased building density and more. The asset is suitable for commercial development and consists of areas used as bonded warehouse and storage facilities. 
The property falls within the planning zone Βα4-ΒΕ2 with a maximum building density coefficient of 90% and a land coverage coefficient of 60% over 2 floors.  
The immediate area consists of light industrial developments such as car garage, warehouses etc. The wider area consists of commercial multi storey buildings with showrooms in ground floor and offices in the upper floors. 
The asset enjoys easy access to the motorway via the new road that connects the Port with the motorway and at the same time enjoys good accessibility towards the city centre and the surrounding areas.  

Sales Price:
€3,650,000 - €955.5 Per m2
Title Deed Available
Yield:
4%
Listing Type:
Commercial
Property Type:
Building
Property Status:
Resale
Date Available:
19-11-2019
Working Area:
3800m2
Total area:
3800m2
Units:
3
Extra Storage Space:
Yes

Features

Furniture & Appliances

Unfurnished


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