Talo osta in Agios Athanasios, Lemesos

The property comprises of two adjacent parcels with total land area of 8.528 sqm, where an industrial building/garage is erected. Located in Agios Athanasios area in Limassol. The building consists of a garage with total covered area of approx. 3,560 sqm and a MOT center that is currently under construction. The garage consists of a basement (c.1,473 sqm) which is used as a warehouse, a ground floor (c.1,652 sqm) which is used as service station and a mezzanine (c.435 sqm) which accommodates office areas, visitors area, kitchen and a separate incomplete structure to provide MOT inspections. The property is currently leased. The immediate area consists mostly of small to medium size industrial properties with some sizable factories and warehouses. The wider area of the asset consists of both commercial and residential developments with buildings consisting of shops/restaurants/ showrooms on the ground floor and offices/apartments on the upper floors and houses. The property enjoys good accessibility towards Limassol city center and other Municipalities due to the small distance from the Nicosia-Limassol motorway. The property falls within the following two Planning Zones: - Industrial zone ??4 with a maximum building density coefficient of 90% and a land coverage coefficient of 60% over 2 floors. - Industrial zone ??4 with a maximum building density coefficient of 80% and a land coverage coefficient of 60% over 2 floors. Call us for more information and a viewing. Property Details * For Sale * Property Type: Warehouse / Factory * Property Subtype: Industrial * Location: Limassol, Agios Athanasios, Cyprus * Internal Area: 3560sqm * Price: €4,460,000 * VAT: N/A * Loan Installment: €21,862 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: €4,460,000 Own Contribution (30%): €1,338,000 Loan Amount (70%): €3,122,000 Interest rate: 3.2% Years of repayment: 15 years