Shop in Peyia, Pegeia, Paphos

Information from owner
The asset consists of four unified shops, part of a commercial building in Pegeia. It is located on Coral Bay Avenue, the most popular part of the Coral Bay tourist area a walk away from restaurants, cafes, shops, supermarkets, pharmacies and banks and just 3 minutes away from the beach. All four shops have an internal area of 125sqm, 62sqm mezzanine and the right of use of 100sqm yard.

Three shops have energy class C and one has energy class D.

Property Details
* For Sale
* Property Type: Shop
* Property Label: Investment Property and Development Property
* Location: Paphos, Pegeia, Cyprus
* Internal Area: 125sqm
* Mezzanine: 62sqm
* No of WCs: 1
* Price: €475,000
* VAT: N/A
* Loan Installment: €2,328

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: €475,000

Own Contribution (30%): €142,500

Loan Amount (70%): €332,500

Interest rate: 3.2%

Years of repayment: 15 years

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