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: €5,400,000
Own Contribution (35%): €1,890,000
Loan Amount (65%): €3,510,000
Interest rate: 3.8%
Years of repayment: 15 years
The property is a 20 year old commercial building in prime location with panoramic sea views. The property is in close proximity to the old port. There is an income producing asset generating a potential yield in excess of 4%. The property enjoys views of Limassol’s promenade and full sea views.
The asset has a very good accessibility towards the city centre, Limassol Marina and Limassol’s port. The surrounding area has experienced substantial development over the past years with the construction of various commercial and residential buildings.