Residential Building In Universal, Paphos

Description

This unique project is situated in an ideal location for holiday rentals; within walking distance to all local amenities, the beach, restaurants and shops as well as the Pafos Harbour, the Pafos Medieval Castle and the Archeological sites. It is located at the Southern end of the Universal area which is a highly sought after residential and tourist district, a 7 minutes walk to the beach and a 5 minute walk to Pafos Mall.
Comprise of 5 blocks of serviced apartments on 3 floors and 3 bedroom penthouses on the 4th floor. Communal pool, Gym, Kids play area, outdoor/indoor bars and reception facilities making it ideal for both permanent residence and holiday rentals.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Location: Paphos, Universal, Cyprus
* Price: €1,750,000 Plus VAT
* VAT: Plus
* Loan Installment: €8,578

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: €1,750,000

Own Contribution (30%): €525,000

Loan Amount (70%): €1,225,000

Interest rate: 3.2%

Years of repayment: 15 years