Residential Building In Zakaki, Limassol

Description

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