Commercial Building In Agios Theodoros, Paphos

Description

This three storey building (fitted out as a supermarket) has been erected on four adjacent plots (no. 1237,1238,1239 & 1240). It is located on Athinon Avenue, in Agios Theodoros quarter in central Paphos in close proximity to the Pafiako. Along Athinon Avenue a mix of commercial and residential development can be observed with showrooms, shops, offices, apartments and houses. In the nearby area more residential properties can be observed. Due to its location, it offers good accessibility to the rest of Paphos city centre, the nearby beach and the surrounding areas.

The building has a total covered area of 3.149 sqm (including a basement of 925m2) and has been internally configured as a supermarket with the potential for other commercial uses.

Three land plots are used as parking areas (1128, 1129 & 1232). The total land area of all seven plots, is 3.686 m2.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Location: Paphos, Agios Theodoros, Cyprus
* Internal Area: 3149sqm
* Price: €3,626,000
* VAT: N/A
* Loan Installment: €17,774

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: €3,626,000

Own Contribution (30%): €1,087,800

Loan Amount (70%): €2,538,200

Interest rate: 3.2%

Years of repayment: 15 years