Business / Goodwill In Agios Tychon, Limassol

Description

BUILDING WITH ESTABLISHED RESTAURANT IN AGIOS TYCHON TOURIST AREA (Building, Assets and Goodwill)

Established, profitable restaurant in the heart of Agios Tychon tourist area, running for the last 27 years, With seating capacity of 90 seats, the restaurant has 2 WCs,separately for male and female customers, a main kitchen at mezzanine, with an elevator for transferring the food to the ground level, and a kitchenette at ground floor. The place has been fully renovated a year ago, with an extra staff room of 40sqm - (with shower and WC) situated at mezzanine. There is plenty of parking space and great recipes! All the necessary licenses and TITLE DEED AVAILABLE!

Property Details
* For Sale
* Property Type: Business / Goodwill
* Location: Limassol, Agios Tychon, Cyprus
* Internal Area: 80sqm
* Price: €500,000
* VAT: N/A
* Loan Installment: €2,328

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: €475,000

Own Contribution (30%): €142,500

Loan Amount (70%): €332,500

Interest rate: 3.2%

Years of repayment: 15 years