Residential Building In Mesa Geitonia, Mesa Gitonia, Limassol

Descripción

Nice, new, under construction building with 9 apartments is now available on the market. The building is an excellent opportunity for investment for someone requires a passport, with more than 7% return from rentals income. The building is located in Mesa Geitonia area, below the highway, very close to the center of the town. The building will have 9 apartments, 3 on each floor. Each floor will have a 1,2 and 3 bedroom apartment. The one bedroom apartments has internal area 53sqm plus 15sqm veranda. The two bedrooms apartments have internal area around 82sqm plus 16,5sqm covered veranda. On the first and second floors the three bedroom apartments have internal area around 115sqm plus 26sqm covered veranda and the top floor 3 bedroom apartment has internal area around 115sqm plus 26sqm covered veranda plus rood garden around 45sqm. All the one bedroom apartments have an open plan kitchen with living room, main bathroom, covered veranda and a bedroom. Two bedroom apartments have an open plan kitchen with living room and dinning area and also have a guest toilet, main bathroom and the covered veranda. The three bedrooms apartments also have an open plan kitchen with living room, guest toilet, main bathroom and the master bedrooms are en suit with toilet and showers.
Important specifications.
-Floor type toilets with concealed flushing systems
-sound insulation between floors
-alarm system
-excellent thermal insulation (B+)
-pressurized system for all boiler solar heating
-fully airconditioned with mitsubishi or equivalent inverter compressors
-state of the art plumbing installation
-excellent quality finishing materials and workmanship

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Property Label: Investment Property
* Location: Limassol, Mesa Gitonia, Cyprus
* Internal Area: 970sqm
* Price: €2,500,000 Plus VAT
* VAT: Plus
* Loan Installment: €12,254

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:

Assumptions:

Closing Price: €2,500,000

Own Contribution (30%): €750,000

Loan Amount (70%): €1,750,000

Interest rate: 3.2%

Years of repayment: 15 years