House buy in Geroskipou Pafos

An extremely amazing offer to purchase a spacious House. The property is ideal as a permanent home or an investment opportunity! The property - building consists of 3 different properties on 2 levels. On the ground floor a two (2) bedroom property -apartment with its own facilities. Also on the ground floor a shop-studio or annex/office. On the top floor a very spacious 3 bedroom - 3 bathrooms house. Open plan kitchen and an extra separate kitchenette area. Master bedroom en suite. Very spacious bedrooms and ample space - wardrobes. Build in Bbq area offering sea views. Large covered verandas - massive balcony Sea views. The building is near services such as shops,banks,restaurants, schools all within walking distance and adjacent to commercial zone road. This is really an extraordinary opportunity for both, investment or owe this property which will make a lovely home. From the investment point of view easily the 2 bedroom ground floor apartment and studio can be rented out to get you an income. Only the cost of purchasing a plot in the same area of similar size can cost you up to €150.000 Now.............. lets analyze and and conclude about the following: You will get : 1) a building plot with an approximate market value price €130.000, 2) a massive 3 bedroom home with apprx market value price €200.000, 3) a two bedroom ground floor apartment with apprx market value price €100.000, 4) a studio - shop on ground floor with approx market price 50.000. 5) Prices above are based on current market values. 6) You can rent out the 2 ground floor properties and have a minimum income of €900 - €1000 per month. 7) Possibility and allowance to build another floor on top. The property is ideal also for a tutorial institute - private lessons center - cause of the multiple rooms and size. Definitely a must see property. Call us for more details. Property Details * For Sale * Property Type: House * Property Subtype: Detached * Location: Paphos, Geroskipou, Cyprus * Internal Area: 400sqm * Covered Verandas: 60sqm * Bedrooms: 6 * Bathrooms: 4 * Price: €390,000 * VAT: N/A * Loan Installment: €1,111 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: €390,000 Own Contribution (25%): €97,500 Loan Amount (75%): €292,500 Interest rate: 2.2% Years of repayment: 30 years