Industrial buy in Limassol Lemesos

This is a an excellent opportunity to acquire an ongoing thriving business selling brand name shoes like Batta, Mephistos, Hotor, Rhode Caprice from Germany Italy and England with its clientele from all over Cyprus. The owner is selling due to retirement as he has had the business for over 40 years. The shop is in the busy shopping street of Anexartisias with easy access to the main beach road and highways. It consists of 70 Sqm with 35 sqm on the ground level and 35 sqm on the mezzanine floor which leads up to it by a small wooden staircase. There is a small WC and sink unit on the ground level. The shop has parquet flooring, led lighting, Air condition, telephone, Internet and an Alarm system. The door is double glazed and it has an awning outside. The shop was renovated in 2016. There is also a separate store room behind the shop which is appx. 40 sqm on two levels that can be used as an office and for storage. There is also the opportunity to purchase another shop in the busy Ayios Andreou area with the same business at an extra cost. The business can be sold as a going concern with the stock or just as goodwill on its own at around half the price. The rent is fairly low for a shop in the area and VAT is applicable on the Goodwill. For further information and viewing please contact us. Property Details * For Sale * Property Type: Business / Goodwill * Location: Limassol, Agia Zoni, Cyprus * Internal Area: 70sqm * Price: €60,000 * VAT: N/A * Date Available From: 1st January 2021 * Loan Installment: €279 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: €57,000 Own Contribution (30%): €17,100 Loan Amount (70%): €39,900 Interest rate: 3.2% Years of repayment: 15 years