Mixed Use Building In Agia Napa, Limassol

Description

Commercial building of 1,000m2 internal area, consisting of ground floor, Mezzanine and lower ground area of shop (retail area use over all floors).
8 studio apartments on the 1st floor with a total covered area of 360m2.
Permission for building a further 360m2.
All the building and studios are rented.
2 separate title deeds as shown in the pictures, belong to the building .
Prime investment opportunity.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Property Label: Investment Property
* Location: Limassol, Agia Napa, Cyprus
* Internal Area: 1000sqm-1350sqm
* Price: €2,500,000
* VAT: N/A
* Loan Installment: €12,254

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: €2,500,000

Own Contribution (30%): €750,000

Loan Amount (70%): €1,750,000

Interest rate: 3.2%

Years of repayment: 15 years