Industrial buy in Limassol Lemesos

This property is in the prime location of central Limassol's Agias Fylaxeos. The building is used as a nursery. This plot can be built into commercial offices with no vat applicable on the land. The building is very close to Makarios Avenue and has a two road access. Allowing 4 floors with extra building density due to Government incentive program. A very good investment. Property Details * For Sale * Property Type: Building * Property Subtype: Commercial, Mixed use * Property Label: Investment Property and Development Property * Location: Limassol, Agia Fylaxis, Cyprus * Internal Area: 300sqm-350sqm * Covered Verandas: 15sqm * Price: €1,900,000 * VAT: N/A * Loan Installment: €9,313 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: €1,900,000 Own Contribution (30%): €570,000 Loan Amount (70%): €1,330,000 Interest rate: 3.2% Years of repayment: 15 years