Industrial buy in Polis Pafos

The unit is a touristic hotel-apartments complex in Polis Chrysochous. Polis and Latchi are considered the ''last remaining castle'' - the only unspoiled and not overdeveloped area on the island. Picturesque - Scenic - Deep Blue Colours................... Little villages and areas all around with 2 small Marinas in short distance Latchi and the fishing harbor of Pomos makes this area the paradise someone could dream of. The property is located 1,5km from Polis Chrysochous center and just 150m from the beach. The complex consists of a reception area, four studios, three 2 bedroom apartments, nine 1 bedroom apartments and a basement. It has a total covered area of 940sqm. It is built within an area of 3,171sqm. There is also an additional building coefficient of 526sqm. A swimming pool, bar and garden form part of the common areas. The complex is 8 minutes away from Latchi Harbour, fish taverns, beach bars, restaurants and amenities. It offers excellent access to Baths of Aphrodite - Akamas Peninsula and the nearby villages. During the summer months the demand for holiday rental in the area is very high and the available units cannot satisfy the majority of visitors. Therefore this is a very unique deal for an investor and it is considered a solid investment opportunity. Call us for more info. Property Details * For Sale * Property Type: Building * Property Subtype: Commercial * Property Label: Investment Property * Location: Paphos, Polis Chrysochou, Cyprus * Internal Area: 940sqm * Covered Verandas: 58sqm * Price: €1,650,000 * VAT: N/A * Loan Installment: €8,088 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: €1,650,000 Own Contribution (30%): €495,000 Loan Amount (70%): €1,155,000 Interest rate: 3.2% Years of repayment: 15 years