Retail buy in Paphos Páfos

This is a shop on the ground floor in Kato Paphos. The asset is adjacent to Poseidonos Avenue and c. 1,2km east of Paphos harbour. It has an area of 58sqm and comprises of open plan retail space, kitchen and toilet. Split units and roof fans are installed. The immediate area consists of commercial and touristic developments, such as retail stores, cafes, restaurants and hotels. The asset falls within two planning zones: -Touristic planning zone Τ1β with building density coefficient of 50%, coverage coefficient 25%, in 3 floors and a maximum height of 13.5m. -Touristic planning zone Τ6ε with building density coefficient of 50%, coverage coefficient 25%, in 3 floors and a maximum height of 13.5m. Property Details * For Sale * Property Type: Shop * Property Label: Investment Property and Development Property * Location: Paphos, Kato Pafos, Cyprus * Internal Area: 58sqm * No of WCs: 1 * Price: €87,000 * VAT: N/A * Loan Installment: €426 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: €87,000 Own Contribution (30%): €26,100 Loan Amount (70%): €60,900 Interest rate: 3.2% Years of repayment: 15 years