Kaimakli, Nicosia
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: €230,000
Own Contribution (30%): €69,000
Loan Amount (70%): €161,000
Interest rate: 3.2%
Years of repayment: 15 years
Residential plot with 4 floors allowance opposite Frederick University and close to Nicosia Centre and Old City
Location
• This 494sq.m. plot is in a top location in Kaimakli, close to Frederick University
• Within walking distance from University, one can find supermarkets, Bakeries etc.
• This is one very central area of Nicosia with very easy access to the new city and old city.
Plot Characteristics
• The plot is parallel to a main road that goes to Nicosia center.
• It is a flat surface and used to have an old house in it.
• It falls within residential zone Ka3.
• Building density of 140%.
• Coverage of 50%.
• Allowance for 4 floors with 17m height. Can build 692 m2 on four floors
Advantages - Special Features
• Top location for University students building development.
• Ideal for small studios, 1-bedroom apartments building development.
• Priced is low to sell fast.
