Mixed Use Building In Potamos Germasogeias, Limassol

Description

These 2 buildings are next to each other and are located at the heart of tourist area at Potamos Germasogia, yet in a very private and quiet neighborhood. (2 bed/1 bed/studio, plus all common/working areas and offices)
Its a great investment since very few buildings are out for sale in the area with this potentials, plus its an already up running business with all licences approved.
Both buildings are in a great condition and the pool has been renovated.
All rooms are renewed and refurnished ready to be used. Fully equipped.
Can remain as is or transformed to apartments or even rebuild a new building.
Please call us for more details.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Property Label: Investment Property and Development Property
* Location: Limassol, Potamos Germasogeias, Cyprus
* Internal Area: 3400sqm
* Price: €6,500,000
* VAT: N/A
* Loan Installment: €31,861

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: €6,500,000

Own Contribution (30%): €1,950,000

Loan Amount (70%): €4,550,000

Interest rate: 3.2%

Years of repayment: 15 years