Mixed Use Building In Omonoia, Limassol

Description

The property is a two-storey mixed-use building in Omonoia area, Limassol.

It consists of two shops with a mezzanine on the ground floor and four apartments on the first floor. Two shops & two apartments are vacant whereas all the other units are occupied. There are two 2 bedroom apartments, one 1 bedroom apartment and one 3 bedroom apartment. The building has a covered area of 785sqm, a mezzanine of 240sqm and a basement of 570sqm. It is built within a plot of 878sqm.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Mixed use
* Location: Limassol, Omonoia, Cyprus
* Internal Area: 785sqm
* Mezzanine: 240sqm
* Price: €1,550,000
* VAT: N/A
* Loan Installment: €7,598

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: €1,550,000

Own Contribution (30%): €465,000

Loan Amount (70%): €1,085,000

Interest rate: 3.2%

Years of repayment: 15 years