Land In Potamos Germasogeias, Germasogeia, Limassol

Description

Excellent investment opportunity to own a big land in Limassol Germasoya tourist area with Approved Architects Plans to build a 5-floor building with 9-apartments.

There is also the possibility to get a permit to build 3-villas each approximately 290m2.
The land has 60% building density with 25% coverage ratio and is in tourist zone T1B.
Please note that the owner is also interested in a barter deal with developers where the owner retain 400 square meters of the developed apartments.

Call for the details and viewing, please.

Property Details
* For Sale
* Property Type: Land
* Location: Limassol, Germasogeia, Cyprus
* Price: €1,559,000 Plus VAT
* VAT: Plus
* Date Available From: 10th November 2020
* Loan Installment: €7,642

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: €1,559,000

Own Contribution (30%): €467,700

Loan Amount (70%): €1,091,300

Interest rate: 3.2%

Years of repayment: 15 years