Commercial Building In Neapoli, Limassol

Description

This office purpose building is located in the heart of Limassol, in a prime location in the business center of the city and is suitable for a variety of business opportunities. The property is close to Limassol's most prized seafront street, surrounded by modern office buildings, classifying the area as upper class business centre. Situated within walking distance to all amenities such as schools, banks, restaurants and the District Court, the property is also near the highway for easy access to all cities. Contemporary, well-maintained building, consisting of a luxurious atrium with elegant reception and four conference rooms on the ground floor. Four floors of modern and functional office spaces with ample daylight, as well as W.C. and kitchenettes on every floor. There are 12 parking spaces and storage area available at the ground floor and basement. The building is fully rented to prime tenants. Selling Price : €6.500.000 Rental Income : €292.500 per annum Yield : 4.5%

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Location: Limassol, Neapoli, Cyprus
* Internal Area: 965sqm
* Price: €6,500,000
* VAT: N/A
* Loan Installment: €31,861

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: €6,500,000

Own Contribution (30%): €1,950,000

Loan Amount (70%): €4,550,000

Interest rate: 3.2%

Years of repayment: 15 years