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University students building of 16 apartments with high performance - Block 2


Engomi, Nicosia

REF: B-98537
€1,950,000 Plus VAT
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Available
Property for Sale in Nicosia, Engomi, Cyprus

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Internal Area (sq.m.)
650m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Residential
  • Location: Nicosia, Engomi, Cyprus
  • Internal Area: 650sqm
  • Price: €1,950,000 Plus VAT
  • VAT: Plus
  • Loan Installment: €9,558

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: €1,950,000
Own Contribution (30%): €585,000
Loan Amount (70%): €1,365,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Status: Under-construction
  • Estimated Year: 2020
  • Month of Completion: 5
  • Total No of Floors: 2
  • Units: 16
  • Reference: B-98537
  • Energy Efficiency Certificate: In Progress

Property Description

This project will have 10 one-bedrooms flat from 40 - 50m2 and 6 studios from 35 m2. The verandas are an additional 25% m2 of the net area. Each apartment with 1 parking and 1 warehouse. The project is located at a very close distance from the University. The precise location has access to 1 road. I consider this as a privileged location close to a fast-developing University, where the investment performance yields a respectable amount. Currently the University has 11.500 students. The building is sold as a whole and the estimated income performance from renting to students can reach 6% as yield. Please contact me for more information and to arrange a visit at the project.
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Additional Details

Heating
Provision
Use of building
Residential
No of parking spaces
16
Air Conditioning
Provision

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