Industrial buy in Paphos Pafos

This building consists of 4 floors with 12 apartments and 2 penthouses in total. * 12 x Apartments, each99 m2 with, 2 x bedrooms, 1 x bathroom, 2 x covered veranda, 1 x 1m structure for flowers, living room & open kitchen. * 2 x Penthouses 185 m2 each with, 3 bedrooms, 2 bathrooms, 1 verandas 4x4, 1 big terrace 65sqm, living room, dining area and open kitchen. iii- Price for the whole building €2.5M (No VAT). Currently the annual rental return per year is 96,000 euro. iv- Private covered/uncovered parking, 3 x storage rooms in ground floor, underground basement of 700 m2 currently rented out as storage area, elevator, basement, communal pool with sola power pump (no electricity required), changing rooms, showers and toilets, communal BBQ with outdoor kitchen. Total plot size is 1024 m2. v- Clear Title Deed is available. vi- This property qualifies for the Permanent Residency Scheme (PR). Property Details * For Sale * Property Type: Building * Property Subtype: Residential * Property Label: Investment Property and Development Property * Location: Paphos, Pafos, Cyprus * Price: €2,500,000 * VAT: N/A * Loan Installment: €12,254 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: €2,500,000 Own Contribution (30%): €750,000 Loan Amount (70%): €1,750,000 Interest rate: 3.2% Years of repayment: 15 years