Building - Ref. No. L102840
For Sale €750,000
€750,000
Arsos
Building
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Features
Title Deeds Available


Description

The property for sale is a winery within a large residential field in Arsos Community of Limassol District. It is located at a distance of 400m (approx.) northwest of the community center and abuts onto  Arsos – Agios Nikolaos main road.

The wider area of the property is primarily agricultural, comprising of cultivated land with a small number of agricultural buildings.

The field has an irregular shape, a slopping surface in 4 different levels and within the land there is a vineyard. It is noted that the parcel has a total land area of approximate 18,223sqm.

Within the southwest part of the field there is a detached incomplete building that began construction around the year 2000. The basement consists of an open plan storage area, cava and bottling area. The ground floor was operated as a winery and a restaurant while the upper floor is has remained incomplete. Externally, there is a fence wall, a storage, an auxiliary building, an uncovered parking space and a kiosk.

The ground floor is approximate 290sqm plus a basement area of approximate 290sqm and an incomplete upper floor of approximately 150sqm. 

It should also be noted that the northern part of the land is vacant and it can be used for on-site cultivation purposes or the additional extension of the building.

The property falls within the Residential Zone H6a having a maximum building density of 25%.

The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).