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Building in Potamos germasogeias, Germasogeia, Limassol

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Ref: B-72981
Asking Price
€4,300,000
Loan Installment

Click to calculate

Available
Property for Sale in Limassol, Germasogeia, Cyprus
Property for Sale in Limassol, Germasogeia, Cyprus
Property for Sale in Limassol, Germasogeia, Cyprus

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Property Details
  • For Sale
  • Property Type: Building
  • Location: Limassol, Germasogeia, Cyprus
  • Internal Area: 1482sqm
  • Price: €4,300,000
  • VAT: N/A
  • Loan Installment: €20,395

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: €4,300,000
Own Contribution (35%): €1,505,000
Loan Amount (65%): €2,795,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 29 Years
  • Floors: 5
  • Property Floor: 5
  • Plot/Land Size: 1566sqm
  • Units: 24
  • Reference: B-72981
Zena Vardaki
Mobile: (+357) 96952760

Limassol
Address: Limassol, Griva Digeni Office
A GREAT INVESTMENT OPPORTUNITY

Building in the heart of tourist area, in a walking distance to the beach in Potamos Germasogeias, is now available for resale. The building was built in 1990 and it is very well maintained and its condition is great. It consists of 24 Apartments: 5 studios, 8 one bedroom apartments and 11 two bedrooms. Many of the apartments have sea view, part sea view and some with mountain view. Plot size 1566sqm and total internal area of 1800sq.m.
All apartments are currently being rented with a monthly turnover of € 12.100. There is a potential for the new owner to increase the prices as per current market and this would bring a monthly income of € 17.000 - € 18.000.

For further info and to arrange a viewing please contact Zena Vardaki at 96952760.
Attributes
Parking-Covered
Parking-Uncovered
Title deed or under separation
Title deeds
Use of building
Residential
No of parking spaces
26
Air Conditioning

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