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: €770,000 Own Contribution (30%): €231,000 Loan Amount (70%): €539,000 Interest rate: 3.2% Years of repayment: 15 years
Plot/Land Size: 6766sqm
The asset is the whole share of a field in Sotira, in Famagusta. The asset is located approx. 330 metres north of the highly sought after Sotira sea front, 2.4Km from Ayia Napa Marina and 80 metres north of Nissi Avenue. The asset has an area of 6766sqm while it has an irregular shape and a flat surface. The asset is adjacent to a road on it north east side with c.90m road frontage. The asset is influenced by compulsory appropriation due to the road construction and the net area of asset after the road compulsory purchase is 6046sqm. The wider area is developed with holiday homes mainly as part of residential complexes.