Industrial buy in Paphos Pafos

A COMMERCIAL BUILDING/PLOT FOR THE BRAVE-RENOVATORS & DEVELOPERS DELIGHT! This property is 721m2 with building density of 80% (498 m2) and a 2 floor capacity. If you are looking for an investment then STOP! YOU FOUND IT! This building contains 3 shops, one 4-bed house, an apartment and still has the building density to build more! It is walking distance to the sea and has a beautiful unobstructed sun set view. Any investor, ambitious renovator or developer would see this as a golden opportunity for a magnificent investment to create something glorious and sell it for a profit and still have an apartment on the side for you to stay in. The shops are on the main road with a huge front coverage, while the house and apartment are on the side street. Property Details * For Sale * Property Type: Building * Property Subtype: Commercial * Property Label: Investment Property * Location: Paphos, Pafos, Cyprus * Internal Area: 498sqm * Covered Verandas: 24sqm * Bathrooms: 2 * Price: €1,500,000 * VAT: N/A * Date Available From: 6th November 2020 * Loan Installment: €7,353 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: €1,500,000 Own Contribution (30%): €450,000 Loan Amount (70%): €1,050,000 Interest rate: 3.2% Years of repayment: 15 years