Commercial, Mixed Use Building In Agia Filaxi, Agia Fylaxis, Limassol

Description

This property is in the prime location of central Limassol's Agias Fylaxeos.
The building is used as a nursery.
This plot can be built into commercial offices with no vat applicable on the land. The building is very close to Makarios Avenue and has a two road access.
Allowing 4 floors with extra building density due to Government incentive program.
A very good investment.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Commercial, Mixed use
* Property Label: Investment Property and Development Property
* Location: Limassol, Agia Fylaxis, Cyprus
* Internal Area: 300sqm-350sqm
* Covered Verandas: 15sqm
* 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