Industrial buy in Limassol Lemesos

This amazing business opportunity for an already up and running night club/Hall for events located in the busy area of Anexartisia old town The lease on the business is for 10 years but can be extended for a further 20 years. The licenses for music and alcohol have been renewed. A food license can also be applied to renew as it already has a kitchen. The hall has V/R air conditioning throughout, music system worth around sixty thousand euro set up already with a full bar. It has 7 bathrooms, a separate entrance hall with a separate office, three private rooms and three separate entrances. Parking opposite for around 30 cars that is free after 22:00 o'clock Property Details * For Sale * Property Type: Business / Goodwill * Property Label: Investment Property * Location: Limassol, Agia Zoni, Cyprus * Internal Area: 700sqm-750sqm * Bathrooms: 7 * Price: €350,000 * VAT: N/A * Date Available From: 5th April 2019 * Loan Installment: €1,630 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: €332,500 Own Contribution (30%): €99,750 Loan Amount (70%): €232,750 Interest rate: 3.2% Years of repayment: 15 years