Teollinen osta in Paphos, Pafos

Shop with mezzanine level, in a central location in Kato Paphos Quarter, in Paphos Municipality. The shop located on the ground floor of the building that constructed around 1995 and its level of maintenance is good. It consists of an open plan area and toilets on the ground floor where the mezzanine floor consists of auxiliary areas. The shop has internal area of 109sqm (approx.) and the mezzanine level is 78sqm (approx.). It has also exclusive right of use of a yard that situated in front of the shop of approximate 59sqm (approx.). In addition, it has the right of use of 6 covered parking space and 2 storage rooms of 24sqm (approx.) on the basement. It is important to note that the property has separate title deed. The shop is rented for €750/month with yield of about 3.5%. Property Details * For Sale * Property Type: Shop * Property Label: Investment Property and Development Property * Location: Paphos, Kato Pafos, Cyprus * Internal Area: 109sqm * Mezzanine: 78sqm * Uncovered Verandas: 17sqm * Bathrooms: 2 * No of WCs: 2 * Price: €260,000 * VAT: N/A * Loan Installment: €1,274 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: €260,000 Own Contribution (30%): €78,000 Loan Amount (70%): €182,000 Interest rate: 3.2% Years of repayment: 15 years