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: €2,500,000
Own Contribution (35%): €875,000
Loan Amount (65%): €1,625,000
Interest rate: 3.8%
Years of repayment: 15 years
Commercial five-storey building located in a very attractive area. Suitable for the citizenship investment program. It is located at of the most commercial arteries of Nicosia. The building has been renovated recently and is in a good condition. It consists of a basement, shop with mezzanine on the ground floor and four floors with offices. The total covered area of the building is approximately 1,335 sq.m. An important advantage of this property is that it is available as a single property and is suitable for rental or for private use. Ground floor, first and fourth floors are rented.