The property comprises of two adjacent parcels with total land area of 8.528m², where an industrial building/garage is erected. Located in Agios Athanasios, Limassol, it is at a distance of 740 meters south-east of the Agios Athanasios roundabout and the A1 motorway.
The building consists of a garage with total covered area of approx. 3,560m² and a MOT center that is currently under construction. The garage consists of a basement (c.1,473m²) which is used as a warehouse, a ground floor (c.1,652m²) which is used as service station and a mezzanine (c.435m²) which accommodates office areas, visitors area, kitchen and a separate incomplete structure to provide MOT inspections. The property is currently leased.
The immediate area consists mostly of small to medium size industrial properties with some sizable factories and warehouses. The wider area of the asset consists of both commercial and residential developments with buildings consisting of shops/restaurants/ showrooms on the ground floor and offices/apartments on the upper floors and houses.
The property enjoys good accessibility towards Limassol city center and other Municipalities due to the small distance from the Nicosia-Limassol motorway.
The property falls within the following two Planning Zones:
- Industrial zone Βα4 with a maximum building density coefficient of 90% and a land coverage coefficient of 60% over 2 floors.
- Industrial zone Βδ4 with a maximum building density coefficient of 80% and a land coverage coefficient of 60% over 2 floors.