Commercial Building In Zakaki, Limassol, Limassol

Description

Modern and stylish building available in the up and coming area of Zakaki. Conveniently located near the new Casino, Mall of Cyprus and Lady's Mile Beach. It is currently fully operational as a SPA Centre and has a high clientele base. It boasts potential for a Medical Clinic, SPA, Beauty Centre or similar. A convenient layout consisting of reception with sitting area, 8 separate rooms, kitchen and three bathrooms on the ground level. The first level has an additional 10 rooms with 3 bathrooms. The basement is ideal for parking which currently hosts storage areas and 10 parking spots. An additional floor can be constructed as there is a building density factor of 100%, 50% coverage and an allowance of 3 floors. Please contact us for a full presentation and site viewing.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Property Label: Investment Property and Development Property
* Location: Limassol, Limassol, Cyprus
* Internal Area: 590sqm
* Price: €2,400,000
* VAT: N/A
* Loan Installment: €11,764

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: €2,400,000

Own Contribution (30%): €720,000

Loan Amount (70%): €1,680,000

Interest rate: 3.2%

Years of repayment: 15 years