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: €3,190,000
Own Contribution (30%): €957,000
Loan Amount (70%): €2,233,000
Interest rate: 3.2%
Years of repayment: 15 years
Suitable for high buildings. The property consists of two continuous plots with 250% building density and 70% covering density. The number of floors and height is decided when application is done to the authorities. This asset is in the special zone ΠΕΖ where you can build the highest buildings in Nicosia. Located only 10m away from Makarios Avenue with 904sm area total for both plots. Buildable area is 2,260sm.