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: €900,000 Own Contribution (30%): €270,000 Loan Amount (70%): €630,000 Interest rate: 3.2% Years of repayment: 15 years
More Information
Status: Resale/Used
Age: 52 Years
Renovation Year: 2000
Total No of Floors: 3
Plot/Land Size: 887sqm
Units: 3
Exclusive Listing: Yes
Reference: B-104220
Energy Efficiency Certificate: In Progress
Property Description
Building for sale exclusively by FOX! Old 3 storey building, located close to the LANDMARK Hotel, off Makarios avenue, built in a plot of 887 square meters. Each floor is around 250 sm big and there is allowance for a 4th floor as per its zone, which is Ka3 allowing 140% density over 4 floors. Preliminary opinions in place, allowing for commercial use of the building; therefore, it can either house 4 residential units or offices. There are 14 parking spaces in place which can be increased to 18 if the building is converted to commercial use. The ground floor and first floor were renovated a few years ago and could be used as office spaces. The rest of the building is in need of renovation. There is, however, the possibility of demolishing the building completely in order to construct a new one from scratch. Kindly contact me for further information and on site viewing.