Mixed Use Building In Potamos Germasogeias, Limassol

Description

This 2-storey building features a covered basement, a ground floor consisting of open space offices, 1st floor 2 separate areas which may be used for office or residence or both. You may build an additional floor if required. The building has 20 meters of main road frontage and is situated onto the main access routes from the highway, beach and city centre. Ideal for investment and European passport purposes as you may include residency as there are two title deeds and separate entrances to the building. Title deeds are clear building is mortgage free ready for immediate transfer. Specifications Plot size 499 sqm Building zone EB6 Building factor 120% Coverage 50% Height 13.5 Covered areas built to date 430 sqm excluding covered basement (232 sqm) for parking

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Location: Limassol, Potamos Germasogeias, Cyprus
* Internal Area: 430sqm
* Price: €2,200,000
* VAT: N/A
* Date Available From: 6th March 2020
* Loan Installment: €10,784

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: €2,200,000

Own Contribution (30%): €660,000

Loan Amount (70%): €1,540,000

Interest rate: 3.2%

Years of repayment: 15 years