The building is brand new and contains 15 apartments.
6x 1 bedrooms room and 9 x studios. This lovely new building is close to marina and the new upcoming Melco casino, new port , My mall.
All the apartments are rented and have an annual income is approximately 120,000 euros.
The current price for studio is 630 euros and for one bedroom 730 euros The building apartments are fully furnished and include tv's.
Approximate covered area of the building is 800m2 on a plot size of 588m2.
Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Location: Limassol, Zakaki, Cyprus
* Internal Area: 750sqm-800sqm
* Price: €1,750,000
* VAT: N/A
* 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
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