Mixed Use Building In Agios Pavlos, Paphos

Description

This is a 9/10 share of a four storey building in Agios Pavlos, Paphos.

The asset comprises of:

-The basement of c. 900sqm which consists of parking spaces, storage rooms and accessible toilets.

-The ground floor that consists of three two-bedroom apartments, which all include a kitchen, a living/dining area, a bathroom, and uncovered parking spaces.

-The first and second floors which consist of two offices each. Each floor has an office with small kitchen, bathrooms and balconies and an office consisting of an open plan office space, kitchen with dining room, conference room, bathroom with shower and a server room.

-The third floor consists of an office with reception/waiting area, office areas, a kitchen, a bathroom with shower and a balcony covered with decking.

The immediate area of the asset comprises of mixed-use and residential developments and enjoys easy access to all areas of Paphos.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Location: Paphos, Agios Pavlos, Cyprus
* Internal Area: 1122sqm
* Price: €1,700,000
* VAT: N/A
* Loan Installment: €8,333

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: €1,700,000

Own Contribution (30%): €510,000

Loan Amount (70%): €1,190,000

Interest rate: 3.2%

Years of repayment: 15 years