Mixed Use Building In Agios Ioannis , Limassol

Description

The building is located just of Makarios avenue and can be used either as an office building or a residential building with commercial units on the ground floor.
There are seven floors of apartments/offices and a basement level of 1100 m2 with parking for up to 40 cars.
The total m2 is approx 5350 m2 with the break down below.
BASEMENT = 1100 m2

GROUND FLOOR = 800 m2

MEZZANINE = 600 m2
1st TO 7th FLOOR = 2800 m2

ROOF = 60 m2

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Location: Limassol, Agios Ioannis, Cyprus
* Internal Area: 5360sqm
* Mezzanine: 600sqm
* Covered Verandas: 300sqm
* Price: €5,500,000
* VAT: N/A
* Date Available From: 24th December 2021
* Loan Installment: €26,959

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: €5,500,000

Own Contribution (30%): €1,650,000

Loan Amount (70%): €3,850,000

Interest rate: 3.2%

Years of repayment: 15 years