Shop For Sale In Limassol

Description

Shop with mezanine offering a totla covered area of 385m2. Ideal for investment or any business which need prime viewing.

The property is a 20 year old commercial building in prime location with panoramic sea views. The property is in close proximity to the old port. There is an income producing asset generating a potential yield in excess of 4%. The property enjoys views of Limassol's promenade and full sea views.

The asset has a very good accessibility towards the city centre, Limassol Marina and Limassol's port. The surrounding area has experienced substantial development over the past years with the construction of various commercial and residential buildings.

Property Details
* For Sale
* Property Type: Shop
* Location: Limassol, Agia Napa, Cyprus
* Internal Area: 385sqm
* No of WCs: 2
* Price: €1,255,000
* VAT: N/A
* Loan Installment: €6,152

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: €1,255,000

Own Contribution (30%): €376,500

Loan Amount (70%): €878,500

Interest rate: 3.2%

Years of repayment: 15 years