Industrial buy in Palodeia Lemesos

The property is a two-storey building with basement level in Gerasa village in Limassol. The building was constructed in around 1990 and is in a poor condition and maintenance. It has a large interior covered area of 1.125 sqm. Among others, it has two fireplaces on each floor, sanitary facilities on each floor, two staircases on each floor and five bedrooms all with ensuite shower and toilet on the 1st floor. The property had acquired all the relevant permits and is an ideal investment that can be used as business or for private use as well. The property has a separate title deed Property Details * For Sale * Property Type: Building * Property Subtype: Commercial * Location: Limassol, Gerasa, Cyprus * Internal Area: 1125sqm * Price: €360,000 * VAT: N/A * Loan Installment: €1,765 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: €360,000 Own Contribution (30%): €108,000 Loan Amount (70%): €252,000 Interest rate: 3.2% Years of repayment: 15 years