Residential Building In Agios Spiridon, Agios Spyridon, Limassol

Description

Excellent investment property with high estimated rental income

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Prime location residential area, near all amenities ( shops, banks, schools, super markets...)

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Easy access to the highway and the city centre and only 5 min. from the New Port, the New Marina, the New Casino and Limassol's biggest Shopping Mall. Also only 10 min from Lady's Mile Beach (one of the best beaches in Limassol)

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Contemporary building using HPL wood panels, fair-face concrete and glass

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High quality materials from reputable manufacturers

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Spacious open plan kitchen-living-dining area plus large covered verandas

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Private roof gardens with great sea view for the 2 penthouses

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Installation of electric heating, solar panels, double glazed windows

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Installation of air condition units

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Installation of electrical appliances

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Covered parking for each apartment

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Location: Limassol, Agios Spyridon, Cyprus
* Internal Area: 480sqm
* Price: €2,000,000 Plus VAT
* VAT: Plus
* Loan Installment: €9,803

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: €2,000,000

Own Contribution (30%): €600,000

Loan Amount (70%): €1,400,000

Interest rate: 3.2%

Years of repayment: 15 years