Residential Land In Germasogeia, Limassol

Description

Available residential land in Germasogeia village in Limassol.

It has an area of 4,763sqm and benefits from a road frontage.

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

The land falls within two planning zones:

-c 4,572sqm fall within residential planning zone Kα10 with a building density coefficient of 30%, a coverage coefficient of 20%, 2 floors and 10m maximum height.

-c 191sqm fall within protection planning zone Δα2 with a building density coefficient of 1%, a coverage coefficient of 1%, 1 floors and 5m maximum height.

THE PRICE IS SUBJECT TO VAT.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Germasogeia, Cyprus
* Price: €660,000 Plus VAT
* VAT: Plus
* Loan Installment: €3,235

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: €660,000

Own Contribution (30%): €198,000

Loan Amount (70%): €462,000

Interest rate: 3.2%

Years of repayment: 15 years