Residential Building In Germasogeia, Limassol

Description

Excellent Opportunity For Investment.This only 6 years old residential building is situated in Germasoyia village ten minutes' drive east of the center of Limassol. Only 2 km from the sea and sandy beaches while at the same time being within easy access of the highway linking all major towns on the island.The building constructed with high quality materials. All walls with modern building materials for perfect heat and sound insulation. Kitchens, cabinets, counters, internal doors, first quality. All external doors and windows aluminium double glazing, electric shutters in bedroom., plumbing installation with plastic pipes PIP TO PIP type and installing solar system on the roof. The electrical installation according to Electricity Authority of Cyprus regulations. Fully electrical suppliesThe block consist of total 12 apartments: 9 flats of 2 bedroom - with internal area of around 86sqm each apartment 3 flats of 1 bedroom - with internal area of 57sqm each apartment. All apartments are with modern & comfort design, nice green view.Storage and covered parking each flat. Communal swimming pool and garden. Title deed issued. All the flats leased at the moment

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Location: Limassol, Germasogeia, Cyprus
* Internal Area: 939sqm
* Price: €2,000,000
* VAT: N/A
* Loan Installment: €9,803

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: €2,000,000

Own Contribution (30%): €600,000

Loan Amount (70%): €1,400,000

Interest rate: 3.2%

Years of repayment: 15 years