Qormi, Industrial Storage + Farm

A one-of-a-kind COMMERCIAL Storage Facility & Farm available on the market for take over of theremianing long-lease period. Currently used for specialised cultivation & food production activity. The whole area covers approximately 4500 sqm and consists of a unique structures in the form of six tunnelled vaults (all interconnected and accessible by commercial vehicles), a large yard, a shed, two office blocks and some living quarters. Designed and excavated purposely to ensure a constant average temperatures throughout. Vaults are also ideal for use as a distribution hub, wine cellars, cool storage, warehousing or as a fully-fledged data centre. The property has natural ventilation systems, two separate power distributions as well as a back-up generator.
Take-over price of current contract till 2041 at €1,800,000, with the possibility to extend a further three times, each for a period of 10 years plus Daily rent at €11.