Residential Building In Agia Zoni, Limassol

Description

A Classic Three Storey Building located in the heart of Limassol.
Situated very close to St Mary's private school, the Law courts and Gladstonos Street, this a unique investment opportunity to acquire a property currently rented and operating as a dance Theatre - school, with a residential three bedroom living accommodation on the upper level. Sat in a 601 sqm plot with a building density of 140%, cover 50% and allowance of 4 floors.
The property has a total covered area of 606sqm consisting of basement 275 sqm,ground floor 110sqm,mezzanine 135sqm,upper floor 86sqm.
Private Gated parking for approx 10+ vehicles. For serious enquiries and more detailed information please contact the agent.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Location: Limassol, Agia Zoni, Cyprus
* Internal Area: 606sqm
* Mezzanine: 135sqm
* Bedrooms: 3
* Bathrooms: 4
* Price: €1,050,000
* VAT: N/A
* Date Available From: 29th February 2020
* Loan Installment: €5,147

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: €1,050,000

Own Contribution (30%): €315,000

Loan Amount (70%): €735,000

Interest rate: 3.2%

Years of repayment: 15 years