Mixed Used Land In Kato Polemidia, Limassol

Description

Mixed use land is ideal for commercial and residential build, situated parallel to the highway of Limassol, which joins the first exit on the highway between Polemidia roundabout and the road of the General Hospital.

Size of the land: 6.752 m2, Density 80 %, Coverage 45%, allowing 3 floors.

This land has a special zone area allowing, Schools, Hospitals, private clinics, office buildings and showrooms,
furthermore the government gives incentives for these purposes allowing extra build and extra floor allowances.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Mixed used
* Property Label: Investment Property and Development Property
* Location: Limassol, Kato Polemidia, Cyprus
* Price: €2,700,000
* VAT: N/A
* Date Available From: 14th October 2019
* Loan Installment: €13,235

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: €2,700,000

Own Contribution (30%): €810,000

Loan Amount (70%): €1,890,000

Interest rate: 3.2%

Years of repayment: 15 years