Residential Building In Agia Zoni, Limassol

Description

A building in the heart of central Limassol walking distance to all amenities, main shopping streets and the sea. Consists of ground floor showroom approx. 97m2 with a further 1 bedroom ground floor house of 50m2. There are two apartments on top of the showroom of 2 x2 bedrooms approximately 100m2 each unit. The 2 x2 bedroom apartments are in good condition and large in size with separate kitchen. Plot size 292m2 Building density 160m2 and 50% coefficient allowing 5 floors with height 20.5 metres. Covered parking at the side of the building and at the front of the showroom

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Property Label: Investment Property and Development Property
* Location: Limassol, Agia Zoni, Cyprus
* Internal Area: 350sqm
* Price: €550,000
* VAT: N/A
* Loan Installment: €2,696

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: €550,000

Own Contribution (30%): €165,000

Loan Amount (70%): €385,000

Interest rate: 3.2%

Years of repayment: 15 years