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Mixed use Building in Potamos germasogeias, Limassol

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Ref: B-96529
Asking Price
€8,000,000
Loan Installment

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Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Mixed use
  • Location: Limassol, Potamos Germasogeias, Cyprus
  • Internal Area: 1500sqm
  • Price: €8,000,000
  • VAT: N/A
  • Loan Installment: €37,945

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: €8,000,000
Own Contribution (35%): €2,800,000
Loan Amount (65%): €5,200,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Floors: 2
  • Plot/Land Size: 1,208sqm
  • Units: 3 buildings
  • Reference: B-96529
Julie Papanicolaou
Mobile: (+357) 99475640

Limassol
Address: Limassol, Griva Digeni Office
Investment opportunity consisting of 3 buildings on a large plot of 1,208m². All buildings have licenses and are rented as established businesses. The block of apartments is rented on a short term basis and fully renovated. consists of 8 apartments in total. The building access’s two roads, 50m from the sea, the 3 buildings have a large plot next to them for parking or for further building development included in the plot size. 80% building density and 35% building density. The government offers incentives for further floors on existing buildings, within the tourist Potamos Germasogiea area.
Attributes
Heating
Yes
Parking-Covered
Parking-Uncovered
Building density (%)
80
Floor allowance
4
Title deed or under separation
title land, building permit
Use of building
Mixed Use
No of parking spaces
25-30
Air Conditioning

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