Residential Building In Agia Napa, Limassol

Description

This project represents a significant investment opportunity. It is a multi-level apartment building located in the heart of Limassol, very close to University campus and a short walk to Limassol's business and shopping district, the Seafront and the new Marina Complex.

Conceived as a project that will appeal to students and young business professionals, there are 18 single bedroom apartments and 2, two bedroom top floor penthouse apartments. Striking modern styling, excellent configuration and top class build quality makes the building both visually attractive and highly desirable as a home base for its targeted occupiers.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Property Label: Investment Property
* Location: Limassol, Agia Napa, Cyprus
* Internal Area: 1044sqm
* Price: €5,450,000 Plus VAT
* VAT: Plus
* Loan Installment: €26,714

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: €5,450,000

Own Contribution (30%): €1,635,000

Loan Amount (70%): €3,815,000

Interest rate: 3.2%

Years of repayment: 15 years