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: €730,000
Own Contribution (30%): €219,000
Loan Amount (70%): €511,000
Interest rate: 3.2%
Years of repayment: 15 years
Unique opportunity for building a high building in Nicosia Center. The owner is also accepting to partly exchange this property with an apartment with value up to €250,000 at an attractive location. The plot has 772sm surface area. Corner plot with 50m total street frontage on 2 streets and SouthEastern Orientation. The exact location of the plot is 180m from the Venitian Walls of Nicosia and 350m from the spot that the new Radisson Blue Capital Hotel. This hotel is going to be the new highest building in Nicosia with 33 floors and 150m height. The building density is 200%, the coverage density is 60%, 8 floors and 31m height. The price per squared buildable meter is é473. The maximum floors and height can be maximised when the developer is going to apply for the building license.