Commercial Building In Kato Pafos , Pafos, Paphos

Description

A COMMERCIAL BUILDING/PLOT FOR THE BRAVE-RENOVATORS & DEVELOPERS DELIGHT!

This property is 721m2 with building density of 80% (498 m2) and a 2 floor capacity.

If you are looking for an investment then STOP! YOU FOUND IT!

This building contains 3 shops, one 4-bed house, an apartment and still has the building density to build more!

It is walking distance to the sea and has a beautiful unobstructed sun set view.

Any investor, ambitious renovator or developer would see this as a golden opportunity for a magnificent investment to create something glorious and sell it for a profit and still have an apartment on the side for you to stay in.

The shops are on the main road with a huge front coverage, while the house and apartment are on the side street.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Property Label: Investment Property
* Location: Paphos, Pafos, Cyprus
* Internal Area: 498sqm
* Covered Verandas: 24sqm
* Bedrooms: 4
* Bathrooms: 2
* Price: €1,500,000
* VAT: N/A
* Date Available From: 6th November 2020
* Loan Installment: €7,353

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: €1,500,000

Own Contribution (30%): €450,000

Loan Amount (70%): €1,050,000

Interest rate: 3.2%

Years of repayment: 15 years