Active Business With Own Premises And Title Deed

Description

Active business with own premises.

The shops are connected and are used as a restaurant for the past 33 years. The business is successful, being one of the best restaurants in Limassol. Great location in one of the most busy roads of Potamos Germasogias. Total internal area of 350sqm including mezzanine and covered verandas. The restaurant attracts tourists customers but also returning locals. Sitting capacity for 60 people inside and 100 more in the beautiful garden. If you are looking to invest in a restaurant with ready title deeds this is one of the best options in Limassol. Pictures are available upon request.

For further information and to book a viewing you can contact the agent.

Property Details
* For Sale
* Property Type: Business / Goodwill
* Property Label: Investment Property
* Location: Limassol, Potamos Germasogeias, Cyprus
* Internal Area: 207sqm
* No of WCs: 4
* Price: €1,600,000
* VAT: N/A
* Loan Installment: €7,451

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: €1,520,000

Own Contribution (30%): €456,000

Loan Amount (70%): €1,064,000

Interest rate: 3.2%

Years of repayment: 15 years