The property is an industrial leasehold property located within the Governmental Industrial Area of Aradippou, Larnaca. It is located southeast of the Kalo Chorio round-about, providing great connection to the main highways to Nicosia and Limassol, while Larnaca International Airport is only 7 min away. The leasehold agreement with reg. no. L135 has a duration of 33 years, starting from 1st of February 2008 with the right of renewal for two additional periods of 33 years each. The annual ground rent is €8K making it an ideal opportunity for investment. The asset is currently vacant.
Municipality / Community: Aradippou Municipality
Total Covered Area: 1,680m²
Building Density: 100%
Coverage Ratio: 60%
Max Floors: 2
Aradippou is an attractive, quiet, countryside village set on the outskirts of Larnaka. There are all necessary amenities in the area including supermarkets, shops, restaurants, taverns, bars, banks, pharmacies and bakeries. It is a 15 minute drive to the Larnaka town centre and its famous Palm Tree Promenade and marina.