Industrial buy in Germasogeia Lemesos

This is an excellent opportunity to acquire a thriving business in the heart of the most popular tourist area of Potamos Germasogeia surrounded by various bars, coffee, shops and restaurants and easy access to main roads and services and is based in a very commercial area of Limassol. This business has been operating for over 19 years as a souvenir/clothes shop selling a whole variety of items from beach wear, T shirts, bags, hats, cases and a huge variety of souvenir items such as key rings, earthen ware pottery, watches, jewellery, magnets, soaps, creams, tea towels and what ever else you can think of. The stock price is negotiable with the owner if you wish to purchase it as a going concern. This is a very large shop of 384 Sqm on two floors with a large stair case in the middle of the store. There is a small changing room upstairs and a room that can be used as a kitchen downstairs with a separate WC. It also has a 40 sq metre store room at the back and 4 parking spaces, two of which are covered. There is an alarm and CCV system and two large air condition units. The glass front is made of a tempered surface. There are plenty of parking metres in front of the store for customers to park. This shop can in fact be divided with a partition into two separate shops of 192 sqm and the monthly rent can be divided by two owners who may wish to sell different items separately or who wish to share the same business together. This business would make an ideal electrical shop or as a chain clothes store for both men and women or made into a franchised coffee/food bar or restaurant as it is situated in a very prime location in the heart of limassol within easy access to main roads and the highway and all amenities. Please call for further information and a viewing. Property Details * For Sale * Property Type: Business / Goodwill * Location: Limassol, Potamos Germasogeias, Cyprus * Internal Area: 384sqm * Price: €100,000 * VAT: N/A * Date Available From: 28th October 2020 * Loan Installment: €466 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: €95,000 Own Contribution (30%): €28,500 Loan Amount (70%): €66,500 Interest rate: 3.2% Years of repayment: 15 years