Commercial Building In Potamos Germasogeias, Limassol

Description

Commercial building, consists of 24 shops and 12 office space is available in a prime location in Potamos Germasogeias. The building is on the coastal road of Limassol, in the heart of the tourist area. Most of the shops are currently Leased out. The offices are empty and ready for renovation. The property is only 200m from the beach, close to all amenities, it has sea view from the offices. The area of the plot is 3537sqm and the covered area of the building is more than 3100sqm. It is a great opportunity for investment!

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Location: Limassol, Potamos Germasogeias, Cyprus
* Internal Area: 3113sqm
* Price: €12,000,000
* VAT: N/A
* Loan Installment: €58,820

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: €12,000,000

Own Contribution (30%): €3,600,000

Loan Amount (70%): €8,400,000

Interest rate: 3.2%

Years of repayment: 15 years