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: €2,400,000
Own Contribution (35%): €840,000
Loan Amount (65%): €1,560,000
Interest rate: 3.8%
Years of repayment: 15 years
The asset consists of 5 floors of offices that are all rented. The surrounding area is comprised of similar office / retail buildings and is considered one of the most popular and busy commercial avenues in Nicosia. The offices in total amount to 903 m² of net internal area with exclusive right of use of 14 parking spaces located in the second basement and the ground floor.