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Residential Building with 5.5% Yield

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Ref: B-100128
Asking Price
€1,300,000
Loan Installment

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Reserved
Property for Sale in Nicosia, Engomi, Cyprus
Property for Sale in Nicosia, Engomi, Cyprus
Property for Sale in Nicosia, Engomi, Cyprus
Property for Sale in Nicosia, Engomi, Cyprus

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Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Residential
  • Property Label: Investment Property
  • Location: Nicosia, Engomi, Cyprus
  • Internal Area: 736sqm
  • Price: €1,300,000
  • VAT: N/A
  • Loan Installment: €5,835

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: €1,300,000
Own Contribution (35%): €455,000
Loan Amount (65%): €845,000
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 9 Years
  • Total No of Floors: 3
  • Plot/Land Size: 688sqm
  • Units: 9
  • Reference: B-100128
Marinos Ioannou
Mobile: (+357) 99959494

Nicosia
Address: Nicosia Georgiou Davari Office
Residential building at only 1.2km from the University of Nicosia and 1.6km from the European University. 9 apartments in total. 2 apartments with one bedroom, 6 apartments with two bedrooms and 1 apartment with three bedrooms. It receives 70,000euro rents per year. Excellent choice for an investment with immediate return on investment. 5.5% yield.
Parking-Covered
Use of building
Residential
No of parking spaces
9
Air Conditioning

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