Mixed Use Building In Kato Polemidia, Limassol

Description

A unique well maintained building in Kato Polemidia is situated in the most nicest areas of Limassol in Kato Polemidia walking distance to the Mall and Casino.

It comprises of one Private School, one bedroom apartment on the ground floor and another one beautiful apartment on the top floor of the building.

Also the building is five minutes walking distance to the nearest beach ( Ladies Mile) while at the same time being within easy access of the highway linking all major towns on the island.

The private school comprises of a reception, two rooms for the teaching and one w.c. (99 square meters).

The one bedroom comprises of a dinning/living room, an open-plan kitchen, an utility room, one bedroom with the family bathroom (70 square meters).

The apartment ( 260 square meters) comprises of a dinning and sitting room, an open plan kitchen , guest wc, family bathroom and three bedrooms one of them en suite.

It has ceiling fun and a/c in all areas, central heating, fire place , utility room .

This apartment is already renovated .

The building has covered parking for three cars.

Title deed is available and the price is negotiable.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Location: Limassol, Kato Polemidia, Cyprus
* Internal Area: 429sqm
* Covered Verandas: 20sqm
* Bedrooms: 3
* Bathrooms: 2
* No of WCs: 3
* Price: €560,000
* VAT: N/A
* Date Available From: 18th January 2021
* Loan Installment: €2,745

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: €560,000

Own Contribution (30%): €168,000

Loan Amount (70%): €392,000

Interest rate: 3.2%

Years of repayment: 15 years