Mixed Use Building In Kontovathkia, Mesa Gitonia, Limassol

Description

A Two storey Building located in a quiet location in the central residential suburb of Mesa Gitonia in the heart of Limassol.
An investment opportunity, currently consisting of an upper level residential dwelling ,ground floor leased commercial shop premises, and basement parking.covered area 325sqm on each floor,total 975sqm
With a 100% building density and an allowance of a further floor for development.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Property Label: Development Property
* Location: Limassol, Mesa Gitonia, Cyprus
* Internal Area: 650sqm
* Bedrooms: 3
* Bathrooms: 2
* Price: €900,000
* VAT: N/A
* Date Available From: 12th June 2020
* Loan Installment: €4,412

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: €900,000

Own Contribution (30%): €270,000

Loan Amount (70%): €630,000

Interest rate: 3.2%

Years of repayment: 15 years