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The property is an industrial leasehold warehouse in Agios Fanourios quarter, Aradippou Municipality. It is located within Aradippou’s Industrial area, 2,5km from Nicosia – Larnaca highway. The warehouse has a total covered area of 1,171sqm and is built on a land of 4,125sqm.
It is divided in two parts: a main factory area with mezzanine, big warehouse, toilets and showers. The second part of the asset consists of office space, lobby area, 3 offices, a kitchen, a toilet and a shower. Parking space is also available.
The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. The asset may be subject to transfer fees and/or VAT. We recommend that you seek independent advice regarding any applicable property transfer fees and/or VAT. The above sale price does not include transfer fees and/or VAT and if such are applicable, these will be paid by the buyer over and above to the sale price.