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: €1,600,000
Own Contribution (35%): €560,000
Loan Amount (65%): €1,040,000
Interest rate: 3.8%
Years of repayment: 15 years
For sale 4 floors building in great condition near Frederick University, in Pallouriotissa.
The general area is 1,249.50 square meters consisting of four floors and covered parking area at the ground floor for all the flats. There are electric gates at the entrance and exit of the parking area and each flat has their own remote control for the opening of the gates.
The building has its own closed monitoring security system inclusive of eight cameras.
At every floor there are two flats. Each flat’s covered space is approximately 115 square meters.
Each flat consists of two bedrooms. The master bedroom is en suite and both rooms include build in storage units. Both bedroom’s windows are covered by persiane shutters.
There’s a nice size open plan living room, second bathroom and two balconies. The kitchen is separate and is equipped with all needed electrical devices.
Each flat has four air-conditioning units and a central heating system which includes Storage heaters.
Each flat also has its own large storage room on the ground floor.
The building’s entrance and the stairway all the way to the fourth floor are covered in granite. All the flower beds are also covered by granite.
The elevator is of advanced technology, made by KONE which is the global leader in the elevator industry.
The building also has a shared large bbq for all to use at the ground floor.
Also the building includes a small gym room which is located up at the roof top with great views.Across from the building is a lovely park managed by owner.
Good opportunity for investment.