For Sale 5 Bedroom House In Potamos Germasogeias, Germasogeia, Limassol

Description

Beautiful 5 bedroom semi-detached maisonette available for sale in a quiet residential area of Potamos Germasogeias. This cozy property is just 400m to the beach and has easy access to the highway and coastal road. All amenities are within walking distance. The house has been renovated to high standards with quality interiors. It boasts a private swimming pool surrounded by wooden decking and a lovely spacious terrace, ideal for entertaining. A green area borders the property which is currently being used by the owners. The entrance area has ample hidden storage space, beautifully arranged and leads to an open living area which consists of fully equipped modern kitchen, dining area and sitting area with fireplace. 3 spacious bedrooms are found on the first floor of which the master bedroom has en-suite facilities and the two bedrooms share a family bathroom. The second level has an additional two bedrooms with shower, WC and wash basin. The property is ideal for an investment and the Owners will be willing to rent the property for 2 years with an income of 5% return on the Buyer's investment. An excellent opportunity to purchase property within close proximity to the Beach and a highly desirable area for rental income. Further the neighbouring 3 bedroom maisonette is also for sale. Both properties can be purchased together and connect the two properties or to remain as two separate properties receiving two rental incomes.

Property Details
* For Sale
* Property Type: House
* Location: Limassol, Germasogeia, Cyprus
* Internal Area: 152sqm
* Covered Verandas: 20sqm
* Bedrooms: 5
* Bathrooms: 3
* No of WCs: 3
* Price: €525,000
* VAT: N/A
* Loan Installment: €1,495

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: €525,000

Own Contribution (25%): €131,250

Loan Amount (75%): €393,750

Interest rate: 2.2%

Years of repayment: 30 years