Mixed Use Building In Omonoia, Limassol

Description

This asset is a residential building in Omonoias, Limassol. The asset is located approximately 120m east of Omonia Avenue.
The plot has a total area 335sqm and the total covered area of the building is 472sqm. The building consists of a shop on the ground floor and 2 apartments on the 1st and 2nd floor respectively. The whole building was radically renovated about 11 years ago and a new elevator entrance was built. The asset is currently occupied. The immediate area of the asset comprises of residential developments.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Location: Limassol, Omonoia, Cyprus
* Internal Area: 472sqm
* Price: €580,000
* VAT: N/A
* Loan Installment: €2,843

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: €580,000

Own Contribution (30%): €174,000

Loan Amount (70%): €406,000

Interest rate: 3.2%

Years of repayment: 15 years