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Building in Agios lazaros, Larnaca

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Ref: B-98771
Asking Price
€2,000,000
Loan Installment

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Available
Property for Sale in Larnaca, Agios Lazaros, Cyprus

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Property Details
  • For Sale
  • Property Type: Building
  • Location: Larnaca, Agios Lazaros, Cyprus
  • Internal Area: 500sqm
  • Price: €2,000,000
  • VAT: N/A
  • Loan Installment: €9,486

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 (35%): €700,000
Loan Amount (65%): €1,300,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 60 Years
  • Floors: 2
  • Plot/Land Size: 1328sqm
  • Reference: B-98771
Christiana Palate
Mobile: (+357) 99419839

Larnaca
Address: Larnaca Liosion Office
It is a listed building consisting of 2 two storey houses. a shop and a storage room plus yard in the middle.
Since the existing buildings on the land are listed the authorities are subsidising the renovation and allow the remaining building density to be sold or utilised without affecting the listed buildings.
The property is in the heart of Larnaca meters away from St. Lazarus church.
It is ideal for the development of a boutique city hotel.
Attributes
Zone (ie. H2)
Πα5
Zone type
Mixed Use
Building density (%)
180
Coverage ratio (%)
70
Floor allowance
3
Title deed or under separation
TITLE DEEDS
Use of building
Mixed Use
No of parking spaces
n/a

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