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For sale
Industrial
Off the market
Industrial in Limassol, Limassol 11547802
Industrial in Limassol, Limassol 11547802
Industrial in Limassol, Limassol 11547802
Industrial in Limassol, Limassol 11547802
Industrial in Limassol, Limassol 11547802
Industrial in Limassol, Limassol 11547802
Industrial in Limassol, Limassol 11547802
Off the market

Industrial buy in Mesa Geitonia Lemesos

Commercial
Industrial
0-0 sqft
0-0 sqft
0 Beds
0 Baths

Residential building of 27 studio holiday apartments in Germasogia. Plot size 2397m2, consisting of 2 blocks. 24 studios on the first and second floor. At the ground floor, there are 3 more studios, reception, dining area guests toilets and managers office. Internal area 958m2 plus verandas. Built in 1995 need some renovation. Provision for swimming pool, covered parking's. Attached there is a plot of 602m2 with density 25% and coverage 40% that it can be used as an extension of the business. In summer period with full capacity and 65-70% in wintertime. Also he rent 4 studios as long term. After renovation with some calculations, the studios can be rented out 600-650 for long term with a profit 9%-10% on the investment. Property Details * For Sale * Property Type: Building * Property Subtype: Residential * Location: Limassol, Germasogeia, Cyprus * Internal Area: 958sqm * Price: €1,800,000 * VAT: N/A * Loan Installment: €8,823 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: €1,800,000 Own Contribution (30%): €540,000 Loan Amount (70%): €1,260,000 Interest rate: 3.2% Years of repayment: 15 years

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Languages: English