Commercial Building In Agia Napa, Limassol

Description

Commercial building with an internal area of 670m2, consisting of ground floor and mezzanine
plot size is 300m2 (3 separate title deeds) main commercial road with rear road access.
240% building density and 70% coverage.
The building is rented at the present moment and the building itself is in very good condition, prime location and 50 metres from the sea,

Permission for building a further two floors (670sq.m)
As shown in the photos you can see the 3 individual plots that make up the one whole.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Property Label: Investment Property and Development Property
* Location: Limassol, Agia Napa, Cyprus
* Internal Area: 670sqm
* No of WCs: 2
* Price: €1,500,000
* VAT: N/A
* Date Available From: 24th October 2019
* Loan Installment: €7,353

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: €1,500,000

Own Contribution (30%): €450,000

Loan Amount (70%): €1,050,000

Interest rate: 3.2%

Years of repayment: 15 years