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: €7,900,000
Own Contribution (35%): €2,765,000
Loan Amount (65%): €5,135,000
Interest rate: 3.8%
Years of repayment: 15 years
This asset is a commercial building in, Nicosia Center. The asset has an area of 2,829sqm and comprises of a shop on the ground floor, eight floors and a basement. The shop and the first two floors are occupied while the rest floors are vacant. The immediate area of the property is the main commercial centre of Nicosia and is fully developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use.