Residential Building In Pafos, Paphos

Description

This is a well designed unique project on 2 Blocks, consisting of

luxurious entire floor apartments with underground parking, connected with a lift and

stairs. It is Centrally located, within direct proximity to all amenities, services, schools,

buses, the Paphos Old Town with monuments, museums, bars, restaurants, etc. This

makes it ideal for investment or permanent living.

The investment package includes 9 Entire-floor Apartments of 2&3 bedrooms. More

specifically, Building Block A provides one 3-bedroom apartment with private garden o

nthe ground floor and and 2 two-bedroom apartments on the first and secod floor each

with covered verandas.

Furthermore, the six-storey Building Block B provides a 3-bedroom apartment with

private garden on the ground floor, three 2-bedroom apartments on the next three

floors and a 3-bedroom apartment on the fifth floor, each with covered verandas. The

sixth floor is occupied by a three-bedroom spacious penthouse with private access to

the roof garden, whih includes a BBQ, siting area and an outdoor pool.

Seured underground parking is provided for all residents.

Summary:

Total number of units: 9

Total number of bedrooms: 22

Covered Area: 1070 sq.

m

Investment Return: 4%

**The project is eligible for the Investment Program and Citizenship.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Property Label: Investment Property
* Location: Paphos, Pafos, Cyprus
* Internal Area: 1070sqm
* Price: €2,180,000 Plus VAT
* VAT: Plus
* Loan Installment: €10,686

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: €2,180,000

Own Contribution (30%): €654,000

Loan Amount (70%): €1,526,000

Interest rate: 3.2%

Years of repayment: 15 years