Commercial Building In Kato Polemidia, Limassol
Description
Located in the Kato Polemidia area, the property is in excellent condition and has easy access to the highway and the town.
The property is currently fully occupied and is perfect to buy as an investment property.
The building consists of 4 floors of offices, one on each floor and a ground floor shop.
There are around 20 parking spaces to the rear of the property.
Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Location: Limassol, Kato Polemidia, Cyprus
* Internal Area: 1480sqm
* Price: €4,300,000
* VAT: N/A
* Date Available From: 16th November 2021
* Loan Installment: €21,077
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: €4,300,000
Own Contribution (30%): €1,290,000
Loan Amount (70%): €3,010,000
Interest rate: 3.2%
Years of repayment: 15 years