Residential Land In Souni , Souni-zanakia, Limassol

Description

The property is a 1/4 share of a land in Souni-Zanakia, Limassol.

It has an area of c. 24,838sqm (1/4 share of 99,353sqm) and benefits from c. 110m road frontage along a registered road on its west border. There is no distribution agreement in place.

The immediate area comprises of residential developments and undeveloped parcels of land.

The land falls within three planning zones:

- c. 32,787sqm falls within residential zone H5 with 30% building density, 20% coverage, in 2 floors and a maximum height of 8,3m.

- c. 25,832sqm falls within residential zone H6 with 20% building density, 20% coverage, in 2 floors and a maximum height of 8,3m.

- c. 40,734sqm falls within protection zone Z1 with 6% building density, 6% coverage, in 2 floors and a maximum height of 8,3m.

THE PRICE IS PARTIALLY SUBJECT TO VAT.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Souni-zanakia, Cyprus
* Price: €670,000 Plus VAT
* VAT: Plus
* Loan Installment: €3,284

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: €670,000

Own Contribution (30%): €201,000

Loan Amount (70%): €469,000

Interest rate: 3.2%

Years of repayment: 15 years