Mixed Use Building In Potamos Germasogeias, Limassol

Description

Investment opportunity consisting of 3 buildings on a large plot of 1,208m2. All buildings have licenses and are rented as established businesses. The block of apartments is rented on a short term basis and fully renovated. consists of 8 apartments in total. The building access's two roads, 50m from the sea, the 3 buildings have a large plot next to them for parking or for further building development included in the plot size. 80% building density and 35% building density. The government offers incentives for further floors on existing buildings, within the tourist Potamos Germasogiea area.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Location: Limassol, Potamos Germasogeias, Cyprus
* Internal Area: 1500sqm
* Price: €8,000,000
* VAT: N/A
* Loan Installment: €39,214

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: €8,000,000

Own Contribution (30%): €2,400,000

Loan Amount (70%): €5,600,000

Interest rate: 3.2%

Years of repayment: 15 years