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: €2,353,000
Own Contribution (35%): €823,550
Loan Amount (65%): €1,529,450
Interest rate: 3.8%
Years of repayment: 15 years
This asset is a commercial building in the Nicosia city centre. The building has an area of 775sqm and comprises of a ground floor showroom, two office floors and a storage space of 250sqm at the rear of the building. 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. The asset falls within planning zone ΠΕΖ with building density coefficient of 250%, coverage coefficient 70%.