Teollinen osta in Zakaki, Lemesos

Great Opportunity for Investment Commercial building with yearly revenue 6%. The Building consists of 7 connected shops, which is currently being rented from a big company as one large shop. The internal area is 394sqm, plus 197sqm mezannine and another 690sqm for basement which can be used as a parking space for 17 cars or as a storage. As the land registry gives 100% density and allowance for 3 floors, new owner can build another 2 floors of total area apprx. 393sqm. There might be an opportunity, upon request to the government, a licence to be received for an extra floor. More parking space on the ground floor for another 6 cars (2cover and 4 uncovered). Plenty more parking space in front of the shop. For further information and to book a viewing you can contact the agent. Property Details * For Sale * Property Type: Building * Property Subtype: Commercial * Property Label: Investment Property and Development Property * Location: Limassol, Agios Spyridon, Cyprus * Internal Area: 394sqm * Mezzanine: 197sqm * 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