For Sale 3 Bedroom Upper Floor (2-floor Building) House In Katholiki, Limassol

Description

This is a very spacious three bedroom upper floor house in the Katholiki area of Limassol with a shop area on the ground floor of the property in the centre of Limassol town. The upper house has a newly refurbished open plan kitchen that has plenty of wall units and cupboard space which houses a washing machine and separate dryer. It comprises of a large lounge/dining area and three good sized bedrooms and a large bath room with shower unit and a separate WC. There is also a very nice large uncovered veranda which leads off the kitchen area with a BBQ which has nice views of the town centre and church nearby where you can sit and watch the sun set as well as another covered veranda at the front of the house.

This building has a very large shop on the ground floor which has three separate rooms and two toilets at the back which can be made into another apartment or offices or a small supermarket or used as any type of commercial business, in the past it was a bakery. The entrance has a roller shutter entrance that can house two parked cars inside. There are also two spacious car parks opposite as well as off street parking at the front of the house.

Both the three bedroom and shop are in need of refurbishment and modernisation inside and out but an added option is to buy the property as a plot to build new apartments on three floors for students as it is in the centre of Limassol and 5 minutes walking distance from the Tepak University.

The Catholic church is is within walking distance as well as the recently refurbished new Agora and the many bars and cafes in the popular Saripolou Street. The busy shopping centre of Anexartisias is a only a few minutes drive away and public transport is also very close by.

This is a very good property investment for a developer or someone who wishes to have an accommodation above his business concern.

Please call for further information and viewing.

Property Details
* For Sale
* Property Type: House
* Property Subtype: Upper floor (2-floor building)
* Location: Limassol, Katholiki, Cyprus
* Internal Area: 240sqm
* Covered Verandas: 20sqm
* Uncovered Verandas: 20sqm
* Bedrooms: 3
* Bathrooms: 1
* No of WCs: 2
* Price: €630,000
* VAT: N/A
* Date Available From: 29th October 2020
* Loan Installment: €1,794

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: €630,000

Own Contribution (25%): €157,500

Loan Amount (75%): €472,500

Interest rate: 2.2%

Years of repayment: 30 years