Mixed Use Building In Limassol, Limassol

Description

Great opportunity for investment. A corner building situated in a prime location with covered area 837sq.m and sitting on a plot of 518 sq.m.This building consists of five large shops on the ground floor, and four flats with three bedrooms on the other two floors. The property falls within the planning zone Eβ2 with building density coefficient 180% and a land coverage coefficient of 50% over six floors, 24m height.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Location: Limassol, Limassol, Cyprus
* Internal Area: 837sqm
* Price: €2,350,000
* VAT: N/A
* Date Available From: 12th October 2020
* Loan Installment: €11,519

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: €2,350,000

Own Contribution (30%): €705,000

Loan Amount (70%): €1,645,000

Interest rate: 3.2%

Years of repayment: 15 years