Commercial Warehouse / Factory In Ypsonas, Limassol

Description

Industrial warehouse within the industrial area of Agios Silas in Ipsonas Municipality. The property is located at the eastern part of the industrial area, 700 metres north of the motorway. It is situated close to all necessary amenities and services. In addition, it enjoys excellent access to the motorway and the city of Limassol.

The warehouse is of a modern construction and was built in 2012.The property is divided into 16 smaller warehouses, each with its own entrance and ramp. The total area of the ground floor is 5,448 sqm and of the mezzanine 1,072 sqm which are divided into the 16 warehouses.

It is a unique property of its kind due to its modern design and the fact that it has been constructed with very good quality building materials.

It lies within three town planning zones with the largest part, 60% of the plot being industrial, 34% is residential and the remaining 6% is in a protection zone.

The property has the potential to reach a 6.5% yield.

The above price might be subject to VAT.

Property Details
* For Sale
* Property Type: Warehouse / Factory
* Property Subtype: Commercial
* Location: Limassol, Ypsonas, Cyprus
* Internal Area: 1696sqm
* Price: €1,050,000
* VAT: N/A
* Loan Installment: €5,147

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: €1,050,000

Own Contribution (30%): €315,000

Loan Amount (70%): €735,000

Interest rate: 3.2%

Years of repayment: 15 years