Fruit Market And General Food Store In Paphos For Sale

Business description

Location: Situated on a very busy junction of two major through roads, one from Paphos Port and Tourist area to the commercial area and old Paphos Town, the second road leads from the West of the town towards Coral Bay. The market is amidst residential housing of both local Cypriot residents and British ex patriots and many holiday homes, with major construction still in progress.
Premises: The building is of steel and brick construction, consisting of a very large food hall of around 1000sm, within this food hall is a meat counter with refrigeration storage to the rear, a deli counter and a fresh fish counter. Delivery and stock room to one end. There are three check outs and an aray of cold counters, also a good wine and beer display, This market is well known for the vast choice of local fresh fruit and vegetables delivered by the local farmers A small private accommodation area of 250sm is situated on the first floor. Car Parking of 3000sm. All Plant & Machinery and 6 vehicles are included in the sale
Trade: The market is open 7 days a week, with maximum hours with in the law, with the exception of certain holidays. The trade is very local with passing and holiday trade as well. This market is the only one of its kind in the general area. The average yearly turn over is between 9 and 11 million euro
Tenure: The premises are constructed on Turkish property, the present owners of the market have a 30 year lease on the ground 23 years remailing no rent payable,, the freehold of the land can be made available at approximately 1.5 Million euro. Legal details will be supplied to interested parties.

Property information

Real Estate:

Lease

Leasehold rent:

€Rent Free per annum

Living accommodation:

Small flat

Location:

Busy Road site

Size in square feet:

1000sm +

Planning consent:

Planning is being sort to add two more floors on exsisting building

Business Operation

Expansion potential:

Opportunity for expansion

Years established:

7 years

Other information

Website:

Please click here to view the link

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