Residential Building In Agios Nicolaos, Agios Nikolaos, Limassol

Description

The building consist of four 1bed apartments, two in ground floor and two more on the first floor. According to the land registry there is unused density of total 147sqm to be build and one more floor.
Two of the apartments are currently rented and the rest two are used by the owners. Also 3 of the 4 apartments have been recently renovated. Situated in a quiet, central location near all amenities in a walking distance.

Great opportunity for investment.

For further information and to book a viewing you can contact the agent.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Property Label: Investment Property
* Location: Limassol, Agios Nikolaos, Cyprus
* Internal Area: 238sqm
* Covered Verandas: 20sqm
* Price: €620,000
* VAT: N/A
* Loan Installment: €3,039

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: €620,000

Own Contribution (30%): €186,000

Loan Amount (70%): €434,000

Interest rate: 3.2%

Years of repayment: 15 years