Commercial Building In Agios Theodoros, Paphos

Description

This property is a large retail space formerly used as a supermarket on the ground floor of the building in Agios Theodoros area of Paphos.

The asset comprises of six adjoined shops with a combined area of c. 1818sqm. The area consists of a 1,017sqm ground floor, a 105sqm mezzanine and a 696sqm basement. The asset enjoys the exclusive use of 12 parking spaces and uncovered areas at the front and rear of the property.

The immediate area of the asset comprises of residential developments, while the nearby Tomb of the Kings Avenue consists of commercial and tourist development with shops, restaurants, hotels and hotel apartments. In the nearby area more properties can be observed. Tomb of the Kings Avenue also provides great accessibility to the rest of Paphos city.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Location: Paphos, Agios Theodoros, Cyprus
* Internal Area: 1818sqm
* Price: €1,950,000
* VAT: N/A
* Loan Installment: €9,558

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: €1,950,000

Own Contribution (30%): €585,000

Loan Amount (70%): €1,365,000

Interest rate: 3.2%

Years of repayment: 15 years