Commercial Building In Mesa Geitonia, Mesa Gitonia, Limassol

Description

The development consists of 6 floors of fully furnished offices, separated into office units and ground floor reception with offices.
The building enjoys magnificent sea and city views and is on one of Limassol's busy commercial avenues.
The building was designed in every details so as to cover the needs of modern offices and accommodate individual professional companies.
The property is currently rented with rental income of 1650x6 =9900 per month.
The building can be sold with 6% rental yield.
Raised floor, VRV system, Italian interior partitions, modern Italian office furniture, feature ceilings, schindler elevator, curtain wall of glass and alluminium system.
There is accessibility to all amenities and all main arteries of Limassol.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Property Label: Investment Property
* Location: Limassol, Mesa Gitonia, Cyprus
* Internal Area: 550sqm-650sqm
* Price: €1,850,000
* VAT: N/A
* Date Available From: 3rd February 2020
* Loan Installment: €9,068

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: €1,850,000

Own Contribution (30%): €555,000

Loan Amount (70%): €1,295,000

Interest rate: 3.2%

Years of repayment: 15 years