Industrial buy in Geroskipou Pafos

Ground floor detached building in the heart of Geroskipou municipality in Paphos District. It is located on Archbishop Makariou III avenue at a distance of 270 meters (approx.) east of Geroskipou Town Hall. The property is situated close to all necessary amenities and services and they have very good access to the neighbouring villages, the city of Paphos and the sea. The building was erected on a corner parcel and it has an extensive road frontage along 3 registered road. The total area of the buildings is 125sqm (approx.). It is noted that the building is empty and it is registered on the title deed as a ground floor house. The property is affected by road widening scheme of 100sqm (approx.) and by compulsory acquisition of 25sqm (approx.). Property Details * For Sale * Property Type: Building * Property Subtype: Mixed use * Location: Paphos, Geroskipou, Cyprus * Internal Area: 125sqm * Price: €230,000 * VAT: N/A * Loan Installment: €1,127 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: €230,000 Own Contribution (30%): €69,000 Loan Amount (70%): €161,000 Interest rate: 3.2% Years of repayment: 15 years