Industrial buy in Polis Pafos

Hotel for sale Features: 24 0ne bedroom rooms 7 studios Swimming pool 8x16 Bar - Restaurant-kids play area Reception Repeat and steady foreign and local Clientele Allocated Covered & uncovered parking spaces driving distance to the beach 5 minutes walking distance 20 minutes Near services - amenities - facilities Near Latch Marina - couple of minutes drive POSSIBILITY OF AN EXTRA FLOOR ALLOWANCE EU Funding possibility for renovation and extension Property Details * For Sale * Property Type: Building * Property Label: Investment Property and Development Property * Location: Paphos, Polis Chrysochou, Cyprus * Internal Area: 320sqm-400sqm * Covered Verandas: 180sqm * Uncovered Verandas: 200sqm * 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