If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.
Loan Installment Calculations:
Closing Price: €250,000
Own Contribution (25%): €62,500
Loan Amount (75%): €187,500
Interest rate: 2%
Years of repayment: 30 years
The apartment was renovated in 2016 with luxury materials and lots of extra features. It is located at the center of Nicosia near KPMG offices with easy access and quiet neighbourhood. It has open views with large veranda and the roof garden is covered and includes also a barbecue. The roof garden is connected with the apartments veranda. The building contractor is very well known for the construction high standards and it is over all in a very good condition. Note that the apartment is now rented for €1,000 per month (more than 5% yield) and the rental contract expires on the 31/12/2019 but if the new buyers requires a tenant it can be renewed or rent it easy to a different tenant. For viewing or more information please contact me.