Residential, Commercial Building in Geroskipou, Paphos

Information from owner
Building for sale in Paphos - Geroskipou

12 rooms plus reception and rest rooms areas

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Top floor details:

2 large rooms x 45 msq apprx

3 additional rooms 20 msq. apprx

1 wc
2 storage rooms

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Ground Floor Details:

Kitchenette

Storage room

1 main wc - disable access provision

3 wc separate with 2 sinks

7 separated rooms 10 - 20msq apprx

Pro hall - reception 50msq apprx

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The plot is 1850 msq within residential zone Ka7 - 80% BD - 45% C.C

Our options -ideas - suggestions:

This amazing build is offered for sale and it could be ideal for a) investment b) your house c) your business.

a) Rental possibility with a very high return as this can be a nursery - kinder garden - tutorial,yoga classes, offices and many more options.

b) With a total covered area of 374 msq and plenty of storage space plus possibility to convert some areas into bathrooms - wc - jaccuzzi
You can place a pool and still have enough external area for your garden.

c) The building is separated already in a total of 12 rooms which can be classes - offices - for various business.

Provision for AC Units
Roof Garden
Sea views
Large Plot

There is an additional area of 1000 + msq to build another house if you wish.

Ideal and quiet location - Close to amenities and services - three minutes drive to the beach - three minutes drive into the town.
Close to supermarkets - schools - shops - banks - restaurants - hotels.

Possibility for renting the whole building under discussion - (Price €15.000 per month).- Negotiable

Call us for more info and to arrange a viewing.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential, Commercial
* Property Label: Investment Property and Development Property
* Location: Paphos, Geroskipou, Cyprus
* Internal Area: 350sqm
* Covered Verandas: 24sqm
* Uncovered Verandas: 10sqm
* Price: €650,000
* VAT: N/A
* Loan Installment: €3,186

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: €650,000

Own Contribution (30%): €195,000

Loan Amount (70%): €455,000

Interest rate: 3.2%

Years of repayment: 15 years

Mixed use, suitable for tutorial, school

Fox Smart Estate Agency, Registered and Licensed Estate Agency, R.N 488 L.N. 344 E