Commercial Building In Apostoloi Petros Kai Pavlos, Limassol, Limassol

Description

Two-storey building in an excellent location in Apostle Petrou & Pavlou area in Limassol.

The property is situated close to a plethora of amenities and services such as shops, restaurants, cafes, supermarkets etc. In addition, it enjoys excellent access to the Municipality center and the motorway.

The building comprises of two shops and an office on the ground floor and an apartment on the 1st floor. The area of the internal spaces is 290 sqm (approx.) and the 1st floor 165 sqm (approx.).

The property falls within commercial zone Εβ2 which allows the construction of a six-storey commercial building.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial
* Location: Limassol, Limassol, Cyprus
* Internal Area: 455sqm
* Price: €1,600,000
* VAT: N/A
* Loan Installment: €7,843

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: €1,600,000

Own Contribution (30%): €480,000

Loan Amount (70%): €1,120,000

Interest rate: 3.2%

Years of repayment: 15 years