Commercial Building In Kato Polemidia, Limassol

Description

This fabulous commercial building is conveniently located within a prime and highly sought after and newly developed area on the Western side of Limassol. Very near the Mall, and New Casino.
Plot size 3,278m2
Covered area 4,904m2

Comprising of:
2 floor shop 336m2
2 floor shop 395m2
2 floor shop 689m2
2 floor shop 1,252m2
3 bedroom apartment on the 2nd floor 263m2
2 bedroom apartment on the 2nd floor 141m2
Office on 2nd floor 256m2
Common areas 1,572m2
Basement underground parking 2,282m2
Storage 320m2

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Location: Limassol, Kato Polemidia, Cyprus
* Internal Area: 4904sqm
* Price: €5,700,000
* VAT: N/A
* Date Available From: 26th February 2021
* Loan Installment: €27,940

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: €5,700,000

Own Contribution (30%): €1,710,000

Loan Amount (70%): €3,990,000

Interest rate: 3.2%

Years of repayment: 15 years