Commercial Building In Kato Polemidia, Limassol

Description

The commercial building is located on Spyrou Kyrianou Avenue in the area of Polemidia, one of the main commercial roads in Limassol, offering high visibility from all sides.
Furthermore this modern commercial building is located close to Limassol's central business district, surrounded by an array of commercial offices, financial institutions and a large selection of showrooms.
It has easy access to the high way and is only 3 km from Limassol Marina and the town centre.
Offering a stylish and comfortable, yet functional working environment. The building is fully tenanted by reputable local and international companies, on long term rental contracts.
The building offers ample visitor parking spaces on the ground floor, in addition to secured underground parking facilities sufficient to accommodate the needs of the tenants.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Property Label: Investment Property
* Location: Limassol, Kato Polemidia, Cyprus
* Internal Area: 1530sqm
* Price: €4,500,000 Plus VAT
* VAT: Plus
* Date Available From: 1st June 2021
* Loan Installment: €22,058

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: €4,500,000

Own Contribution (30%): €1,350,000

Loan Amount (70%): €3,150,000

Interest rate: 3.2%

Years of repayment: 15 years