Other buy in Germasogeia Lemesos

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. 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: €39,214 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 (30%): €2,400,000 Loan Amount (70%): €5,600,000 Interest rate: 3.2% Years of repayment: 15 years